Corporate Asset Management Fund - Future Years Funding from 2017/18 to 2020/21
Minutes:
Cllr Andrew Johnson presented the report on the development of the Strategic Asset Management Plan and how this would relate and support in the identification of future funding requirements. The report also outlined the critical components that form part of the Corporate Asset Management Fund and explained why they needed to be addressed. It also identified the essential statutory and maintenance works needed for future years, 2017/18 to 2020/21, as it was necessary to implement these priorities to ensure compliance and on-going functionality and operation of the buildings.
Resolved:
1. That the proposed growth in capital funding requirements to be included within the Capital Programme 2015/16 to 2020/21 quarter one outturn report to Full Council in July 2016 and would include the programme of works identified as detailed in Appendix 1 to the report be approved.
2. That subject to 1 above, the proposed programme of works for 2017/18 to 2019/20 as set out in Appendix 1 to the report be approved.
3. That authority be delegated to the Cabinet Member for City Assets in consultation with the Head of Corporate Landlord to initiate works in relation to emergency / priority works preventing building closure, the nature of which would not allow sufficient time to gain normal Council approvals, then to be confirmed through an Individual Executive Decision Notice.