Agenda item

Asset Rationalisation to underpin the revised Medium-Term Financial Strategy

This item was deferred from the Extraordinary Council Meeting held 17 November.

Minutes:

A recorded vote was taken.

 

 

For

Councillors J Doran, Dunn, Arnold, Barker, Bateson, Beatty, Beecher, Boparai, Button, Caplin, S Doran, Geach, Gibson, Grant, Gyawali, Neall, Nichols, Rutherford, Sexton, Williams – 20 votes

Against

Councillors Attewell, Bing Dong, Buck, Clarke, Howkins, Saliagopoulos, Weerasinghe, Woodward – 8 votes

Abstain

Councillors Boughtflower, Brennan, Lee – 3 votes

 

Council resolved to:

 

1.    Consider and agree the principle of Asset Rationalisation as set out in the report,

 

2.    Approve the commencement of the procurement of a specialist adviser through an appropriate framework.

 

3.    Delegate authority to the s.151 Officer and Group Head of Assets, in consultation with the Leader and Deputy Leader, the Chair of the Commercial Assets Sub-Committee and Chair of the Business Infrastructure and Growth Committee, to appoint the preferred bidder from the above procurement to assist in the implementation of an Asset Rationalisation Strategy; and

 

4.    Delegate authority to the Group Head of Corporate Governance to enter into a contract with the proposed advisers.

 

 

Councillor Geach left the chamber at 10pm

Supporting documents: