Issue - meetings

Report of the Service Manager Property

Council is recommended to:

1)    Approve the Commercial Property Investment Strategy.

Consideration was given to a report of the Service Manager - Property to approve the Council’s Commercial Property Investment Strategy and to, subject to approval, delegate authority to the Chief Executive to approve property acquisition under the strategy in consultation with the Leader of the Council. The Deputy Chief Executive again confirmed that no funds had been utilised to date and that Council approval was required to enable this to happen

RESOLVED:

To adopt the strategy.

Vote:35 For, 0 Against, 0 Abstentions.

Report of the Service Manager – Property.

The Deputy Chief Executive and Director of Finance introduced a report which had been circulated in advance of the meeting, seeking approval for the Commercial Investment Strategy. In response to a question from the Deputy Leader, the Deputy Chief Executive and Director of Finance confirmed that no funds had been invested to date and that Council approval was required before this could happen.

RESOLVED:

1)    To recommend that Council approves the Commercial Property Investment Strategy; and

2)    That subject to Council approval of the Commercial Property Investment Strategy, to delegate authority to the Chief Executive to approve commercial property acquisition under the strategy in consultation with the Leader of the Council.