Issue - meetings

With the assistance of a report by the Head of Policy to consider the Council’s Commercial Property Portfolio Investment Plan.

Approved the Investment Plan suggested for the Council’s Commercial Property Portfolio and agreed that the progress of each project be subject to the approval of a detailed appraisal; and approved the re-phasing of expenditure in the Medium Term Plan summarised in the Appendix to the report.

Consideration was given to a joint report by the Heads of Legal and Estates and of Policy (a copy of which is appended in the Minute Book) proposing a strategic direction for reinvestment in the Council’s commercial property portfolio.

Having considered the adoption of a medium term strategic investment plan linked to the portfolio and the associated prioritising of certain commercial schemes within the Medium Term Plan, the Cabinet

RESOLVED

(a)  that the investment plan suggested in the report for the Council’s commercial property portfolio be approved and that the implementation of each project be conditional on the approval of a detailed appraisal; and

(b)  that, subject to approval by full Council of the Medium Term Plan, rephrasing of expenditure as summarised in the Appendix to the report be approved.