The Council is undertaking a fundamental review of the Corporate Asset Management Plan and related plans, policies and strategies relating to asset management, to ensure a single comprehensive Strategy is delivered, which sets out how the Council will manage its diverse range of assets.

1)         That Council be recommended to approve the draft Asset Management Strategy 2022 – 2027 set out at Appendix 2 to the submitted report.

2)         That the Council be recommended to request the Monitoring Officer to update the Council Constitution to reflect the Corporate Asset Management Strategy 2022 – 2027 is reviewed and approved by Full Council every 5 years.

3)         That subject to Council approving 1) above the Cabinet approves the draft Asset Management Policy 2022 – 2027 as set out at Appendix 3 to the submitted report.

4)         That the Asset Management Operational Delivery Plan be prepared and delegated to the Director of Place, in consultation with the Cabinet Member for Economic Regeneration, Tourism and Housing, for approval.

Torbay Council’s Strategic Asset Management Plan will define the principles, criteria and processes through which decisions will be made regarding the use of Council assets.

None.

The recommendations of the Cabinet will be considered at the Council meeting on 3 March 2022.

The Strategic Asset Management Plan 2022 ~ 2027 sets out the Council’s approach to the strategic management of its assets, how it will support service delivery, provide the Council with income and how it will fulfil its mission to support, enable and empower its residents, our communities, and our partnerships, promote growth and place shaping within Torbay; and deliver the Torbay Community and Corporate Plan 2019 ~ 2023 One Torbay: Working for all.

The draft Strategic Asset Management Plan had been subject to public consultation and considered by the Overview and Scrutiny Board. 

At the meeting Councillor Long proposed and Councillor Morey seconded a motion that was agreed unanimously by the Cabinet, as set out above.

None.