Decision details

(i)            That the draft Commercial Strategy be approved.  

(ii)           That the Constitution Working Group be requested to consider any changes that may be required to the Council’s Constitution in light of the strategy, including schemes of delegation and finance procedure rules, for approval by full Council.

(iii)          That the Finance, Assets and Performance Scrutiny Committee review and comment on the strategy at its December meeting;

(iv)         That commercial investment advisers be appointed  to undertake a review of the Council’s commercial property portfolio and make recommendations for investment or disinvestment (this contract is currently out to tender with an expected award by the end of October 2019);

(v)          That officers to work up investment proposals for further consideration by Cabinet.