Issue - meetings

REPORT OF THE SENIOR ESTATES SURVEYOR

To seek Cabinet's recommendation of approval of Property Acquisition & Development Strategy, including Appendices, to Full Council.

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.

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.