The Asset Management Strategy 2014/15 was approved by the Asset & Enterprise Committee on the 15 July 2014. Following on from the adoption of the strategy, it was necessary that suitable and appropriate policies were adopted to ensure compliance with statutory requirements to achieve best value and also to ensure transparency and fairness in dealing with community groups.

The Policies outlined the process and procedures that should be followed when acquiring and disposing of assets including disposals to community groups. A separate report had been prepared relating to the acquisition of revenue entrepreneurial assets.

A motion was MOVED by Cllr Quirk and SECONDED by Cllr Sapwell to receive the recommendation set out in the report.

RESOLVED UNANIMOUSLY:

1.            That the policies, relating to the Acquisition, General Disposals and Disposals at less than Best Consideration attached were approved.

REASON FOR DECISION

Members need to ensure that best practice and transparency were maintained.