Issue - meetings
Property Acquisition & Development Strategy
Meeting: 28/01/2020 - Cabinet (Item 89)
89 PROPERTY ACQUISITION & DEVELOPMENT STRATEGY 
PDF 106 KB
REPORT OF THE SENIOR ESTATES SURVEYOR
To seek Cabinet's recommendation of approval of Property Acquisition & Development Strategy, including Appendices, to Full Council.
Additional documents:
- Appendix A - Property Acquisition & Development Strategy, item 89
PDF 431 KB
- Appendix B - Property Scrutiny Group (PSG): Terms of Reference., item 89
PDF 305 KB
- Appendix C - Asset Criteria, item 89
PDF 326 KB
- Appendix D - Scoring Matrix., item 89
PDF 270 KB
- Appendix E - Statutory Powers & Provisions, item 89
PDF 285 KB
Decision:
RECOMMENDED TO COUNCIL: That the Property Acquisition & Development Strategy, including Appendices be approved
.
REASONS FOR DECISION:
(1) To give effect to the Property Acquisition & Development Strategy so NHDC has in place a clear basis for pursuing property opportunities that are for the purposes of its functions or the benefit, improvement or development of its area.
(2) To put in place a framework of robust and practical guiding principles that apply governance and rigorous appraisal to property acquisition and development decisions by NHDC, in order to safeguard the necessary capital expenditure and taxpayers’ resources.
Minutes:
Audio recording – Session 1 – 50 minutes 26 seconds
The Executive Member for Enterprise and Cooperative Development presented the report entitled Property Acquisition & Development Strategy together with the following appendices:
· Appendix A - Property Acquisition & Development Strategy;
· Appendix B - Property Scrutiny Group (PSG): Terms of Reference;
· Appendix C - Asset Criteria;
· Appendix D - Scoring Matrix;
· Appendix E - Statutory Powers & Provisions.
The Senior Estates Surveyor advised that this was a framework document which included the guiding principles and governance principles.
RECOMMENDED TO COUNCIL: That the Property Acquisition & Development Strategy, including Appendices be approved
.
REASONS FOR DECISION:
(1) To give effect to the Property Acquisition & Development Strategy so NHDC has in place a clear basis for pursuing property opportunities that are for the purposes of its functions or the benefit, improvement or development of its area.
(2) To put in place a framework of robust and practical guiding principles that apply governance and rigorous appraisal to property acquisition and development decisions by NHDC, in order to safeguard the necessary capital expenditure and taxpayers’ resources.