An amended version of the report was tabled.  The Chair adjourned the meeting for 5 mins so that members could read the report before debating on this item.

The purpose of this paper is to update Members on proposals for using council assets to generate income from 2018 onwards and to provide details of the status of the Council’s Asset Register.

Members will be aware of the financial pressures that Local Government is under and it is clear that to maximise the returns available from the Council’s assets, that an ongoing review of assets, is essential, to inform the Council’s clear action plan.

Cllr  Mrs McKinlay  MOVED and Cllr Kerslake SECONDED the recommendations in the report and a vote was taken by a show of hands and it was RESOLVED UNANIMOUSLY that:

1.         That the PF&R committee agrees to continue to review and update the asset register.

2.         That PF&R agrees to continue the work on the five key asset projects identified in 3.3. and will bring business cases forward as appropriate.

3.         That the PF&R committee acts as the programme board for consideration of these projects and any that arise as the result of the review of the Asset Register.

Reason for recommendation

To ensure the Council’s use of assets reflects the needs of the borough and the council and that there is a substantial income generation plan based upon the assets of the Council.

(For clarity the revised report is attached).

(Cllr Ms Rowlands declared a non-pecuniary interest under the Council’s Code of Conduct by the virtue of her partner owes property that the Council has a leaseholder interest in)