Agenda and minutes

To receive any apologies for non-attendance and details of Member substitutions.

Apologies were received from Councillor Rose Chandler.

To confirm as a correct record the minutes of the meeting held on 25 September 2023.

The minutes of the meeting held on 25 September 2023 were agreed as a correct record.

To receive any disclosures of interest from members in accordance with the Members’ Code of Conduct.

Councillor Nichols advised that he was a member of Knowle Green Estates Board.

The Chair, or his nominee, to answer any questions raised by members of the public in accordance with Standing Order 40.

At the time of publication of this agenda no questions were received.

There were none.

To consider any issues raised by ward councillors in accordance with Standing Order 34.2

At the time of publication of this agenda no ward issues were received.

There were none.

To consider any urgent action that have arisen since last meeting.

There were none.

The Committee noted the Forward Plan for Development Sub-Committee business.

The Committee queried the status of the annual business plans for commercial properties. The Asset Manager confirmed that business plans for each of the commercial properties should be delivered by March 2024. The Committee requested that this be added to the forward plan.

The Committee resolved to note the forward plan with the inclusion of the above items.

To receive a verbal update on the Asset Management Strategy.

The Sub-Committee received an update on the Asset Management Strategy from the Asset Manager. A workshop had taken place with agreed members of the Development Sub-Committee to review the draft strategy, and a collaborative approach was established to ensure the strategy was councillor led and supported by officer input. The strategy would set out key strategic priorities and objectives for the investment portfolio, the development and regeneration portfolio, and the municipal portfolio.

Members of the Committee reviewed the strategic priorities set out for the three portfolios. The Committee explored how each of the priorities may impact the portfolios. Further detailed information regarding sites and opportunities were being compiled to feed into the strategy. An update would be provided for the sub-committee and Corporate Policy and Resources Committee in November with the further requested details. More workshops would be scheduled before the strategy was presented to Council in December.

The Sub-Committee resolved to note the update on the Asset Management Strategy.

To move the exclusion of the Press/Public for the following items, in view of the likely disclosure of exempt information within the meaning of Part 1 of Schedule 12A to the Local Government Act 1972, as amended by the Local Government (Access to Information) Act 1985 and by the Local Government (Access to information) (Variation) Order 2006.

It was proposed by Councillor Gibson seconded by Councillor Sexton and resolved to exclude the public and press be excluded for the following agenda items, in accordance with paragraph 3 of part 1 of Schedule 12A of the Local Government Act 1972 (as amended) because it was likely to disclose information relating to the financial or business affairs of any particular person (including the authority holding that information) and in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information because, disclosure to the public would prejudice the financial position of the authority in being able to undertake even-handed negotiations and finalizing acceptable contract terms.

To receive a verbal update from the Principal Asset Manager.

The Sub-Committee received an update on the investment property review.

The Principal Asset Manager anticipated that further information would be available at the December meeting of the Development Sub-Committee.

The Sub-Committee resolved to note the update on the investment property review.

To consider a report on a Local Authority Housing Fund Residential Acquisition.

The Sub-Committee considered a report on acquisitions from round two of funding from the Local Authority Housing Fund.

The Sub-Committee resolved to approve the recommendations as set out in the report.