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Decision details
Overview and Scrutiny: Call in recommendations
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
1. Overview and Scrutiny recommend that future reports regarding land and asset disposal contain the following information;
a. As recommended at recent training conducted by CIPFA that reports concerning capital strategy contain the following or an explanation if not relevant;
· Legal power for a scheme to be undertaken
· Evidence of robust option appraisal work
· Consideration/quantification of sensitivity analysis outcomes
· Impact on revenue budget and balance sheet resources
· Section 151 Officer to vouch for skill-sets of external consultants
· Councillors to be adequately briefed on any material risks
b. Before the asset management strategy is completed, future reports should contain a top level assessment against the current RAG system the council uses.
c. That the report demonstrates in line with the Local Government Act 1972 it requires that land and asset disposals be evaluated against ‘best consideration’. The definition of this needs to be contained within the report or an appendix.
d. Costs of disposal need to be made explicit and should include an estimate for Officer time to reflect true costs.
e. Any impact on future borrowing costs should include within the report an estimate on the councils MRP as part of the revenue budget.
If the loss of land or assets impacts the objectives of the Corporate Plan.
Publication date: 03/10/2023
Date of decision: 02/10/2023
Decided at meeting: 02/10/2023 - Cabinet
Accompanying Documents:
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