Issue - meetings

The Cabinet considered a report of the Deputy Chief Executive, People and Place, which sought approval for the Medium Term Property Strategy 2018-22 to guide and inform future decisions with respect to the Council’s property portfolio.

Members were informed that best practice strategic asset management recommended that a Property Strategy was prepared that described the general direction that the Council’s property portfolio would take over the next 5 years, the approach to be adopted in getting there and the policies that would be applied to decision making. 

Oldham Council’s approach was to have a high level Medium Term Property Strategy (MTPS) that incorporated a detailed Asset Management Plan for every property asset / group of assets the Council had and a Commercial Property Investment Strategy to guide and set principles of how investment in property was undertaken and income generated.  A summary of the Medium Term Property Strategy, titled The Property Plan 2018-22 was also available.

Options/Alternatives considered:-

1.    Do not agree the strategy.

The Council could choose not to agree the Medium Term Property Strategy, this is not recommended as it does not maximize the potential of the Council’s property portfolio.

2.    Agree the strategy.

The Council could agree to establish the Medium Term Property Strategy and use this as a framework to manage and rationalise the Council’s property portfolio in support of the Corporate Plan.

RESOLVED that the Cabinet approved

1.  The Medium Term Property Strategy 2018-22, and

2.  The Property Plan 2018-22.