Issue - meetings

To consider a review of the Council’s Asset Management Service and the Council’s approach to maximising the benefits from its land and property portfolio.

Consideration was given to a review of the Council’s Asset Management Service and to its approach to maximising the benefits from its land and property portfolio.   The report included a review of the service, sought agreement to a programme of work to promote the increased supply of affordable housing within the Borough, and included an outline of how the Council could develop a more market-facing/commercial approach to its Asset portfolio with the potential to deliver major strategic benefits to the Council in the medium/longer term in addition to the generation of significant financial benefits.

RESOLVED

1. That the report be noted.

2. That the work of EC Harris in reviewing the Asset Management Service, and how the Council might maximise the benefit of its land and property portfolio to improve operational effectiveness and efficiency whilst supporting the achievement of the Council’s wider aims and objectives, specifically in relation to place shaping and Housing, be endorsed.

3. That the early adoption of a Corporate Landlord approach to the management of the portfolio be endorsed.

1. That the commencement of a programme of activity with Registered Providers for the accelerated development of affordable housing within the Borough through the selected sale and/or transfer of land be supported, in accordance with the detail set out within the report.

2. That approval be given to commence a soft market testing exercise to allow the Council to explore the potential use of an appropriate asset backed vehicle or market facing arrangement that will deliver long-term regeneration and housing growth.