Decision details

To seek endorsement of the Council’s Asset Management Strategy.

The Committee considered a report on the Council’s proposed Asset Management Plan.

The Council’s previous Asset Management Plan was for the years 2015 to 2020.  The Council had delayed producing an updated Asset Management Plan as the Council had been focusing on responding to the Covid-19 pandemic.

Since 2015 there had been changes to legislation and regulations which had an effect on the way the Council could choose to use assets.  The Council had also adopted a number of policies that had an impact on the way the Council used its assets.  The updated Asset Management Plan would look to identify the differing needs for assets, generating a framework to derive the overall best solution for the Council.   The policy principles for the Plan were set out in Appendix A to the report.   It was expected that the Asset Management Plan would be presented to the Committee in the next six months.

The Committee unanimously RESOLVED:

1          to note the report, and outcomes since the previous Asset Management Plan, as identified in paragraph 5.9 of the report; and

2          to approve the process and timetable for a draft Asset Management Policy to be brought back to Committee for endorsement.