Issue - meetings

To consider the report of the Director Net Zero Exeter & City Management.

Agreed:

RECOMMENDED that Council:-

(1)  approve the identified budgets for each project to ensure good asset management;

(2)  approve the additional budget required for 2020/21 and note the annual funding requirements for future years, forming the basis of the capital programme for the next four years as detailed in the report, for approval in February 2021; and

(3)  note the significant overall cost of £37.5 million and approve an asset review programme to identify potential surplus assets, which may be made available for sale in order to finance the programme of works.

Reason for Decision: As set out in the report.

The Executive received the report on the identified asset maintenance priorities following an asset inspection programme. A summary of the various projects was given together with an overview of the scale of the investment required. An indicative programme of works was also provided.

Members noted that:-

·         the identified assets did not include properties within the leisure contract that had now been brought in-house. These properties were in the process of being surveyed;

·         the definition of a level B assessment for a property being satisfactory and  performing as intended and being fit for purpose but with minor deterioration; and

·         property assessments were based on reports of condition surveys and structural engineers.

RECOMMENDED that Council:-

(1)  approve the identified budgets for each project to ensure good asset management;

(2)  approve the additional budget required for 2020/21 and note the annual funding requirements for future years, forming the basis of the capital programme for the next four years as detailed in the report, for approval in February 2021; and

(3)  note the significant overall cost of £37.5 million and approve an asset review programme to identify potential surplus assets, which may be made available for sale in order to finance the programme of works.