Minutes

8           UPDATED PROPERTY PORTFOLIO FRAMEWORK –The Director: Communities submitted a report seeking approval of the updated Property Portfolio Framework.

The development of the commercial property portfolio and the asset management programme played a significant part in the council achieving its goals.

The property portfolio framework was developed to ensure that the council’s strategy, policies, guidance and procedures were transparent.  The framework was intended to promote expediency in the way that disposals and acquisitions were dealt with by the council.  It is for use by council officers and to inform developers, communities and members of the public.

The updated framework set out the council's internal policies and procedures relating to a range of methods to support assets including disposal, community asset transfer, development of assets and acquisitions of land and property.  It ensured that the council operated in full accordance with statutory requirements.

Resolved – That the updated Property Portfolio Framework be approved.