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  • Committee details

    Property and Investment Committee

    Purpose of committee

    Responsibilities

     

    Acquisitions

    Where officer/member delegation financial limits are exceeded, to receive recommendations from officers with regards to potential new acquisitions and give initial steer on whether to further investigate investment opportunities. To approve and make recommendations when a new acquisition opportunity should be referred to Cabinet for decision.

     

    Disposals

    Where officer/member delegation financial limits are exceeded, to receive recommendations from officers with regards to potential freehold disposals of assets and give initial steer on whether to further investigate. To approve and make recommendations when a disposal opportunity should be referred to Cabinet for decision.

     

    Management of Strategic Investments

    1)    To approve leasehold disposals (lettings) in respect of the Investment properties which exceed the officer/member delegation financial limits.

    2)    To approve the transfer of assets in the residential fund to or from Knowle Green Estates Limited if deemed necessary for the appropriate and effective management of the asset.

    3)    To receive quarterly reports on the management of investment assets to include details on rental income, potential new letting opportunities, significant assignments and any other estates management issues officers consider necessary for discussion.

    4)    To receive reports at key stages on individual assets when tenancies are coming up for review.

    Management of Municipal Portfolio

    1)    To approve leasehold disposals (lettings) in respect of municipal properties which exceed the officer/member delegation financial limits.

    Development

    1)    To receive reports from officers for discussion regarding options for the development of sites owned by the Council. To approve whether a new development opportunity should be referred for decision through Cabinet and/or Council, as appropriate.

    2)    To receive quarterly reports on progress of development programme.

     

    Membership

    Contact information

    Support officer: Gillian Scott. Email: g.scott@spelthorne.gov.uk