Issue details

Review of Property Holdings Surplus Declarations FIN09 20/21

The County Council’s Future West Sussex Plan set out its ambition to minimise the burden of local taxation, delivering the best outcomes for residents with the money it spends, whilst living within its means.  In 2018 the County Council agreed to adopt an Asset Management Policy and Strategy. An objective of the strategy is to acquire, manage, maintain and dispose of property effectively, efficiently and sustainably, together with optimising financial return and commercial opportunities.

This report seeks approval by the Cabinet Member for Finance to confirm surplus declarations for a number of assets, deemed surplus to service operational requirements. Declaring them surplus enables a further decision to be made on either a sale of the asset (for a capital receipt) or to retain it for wider non-service led activities of the County Council such as redevelopment for investment, regeneration or other alternative uses.

Decision type: Key

Reason Key: Expenditure > £500,000;

Decision status: Recommendations Approved

Divisions affected: (All Divisions);

Notice of proposed decision first published: 19/03/2021

Decision due: Between 1 April 2020 and 31 March 2021 by Cabinet Member for Finance

Lead member: Councillor Jeremy Hunt jeremy.hunt@westsussex.gov.uk

Contact: Andrew Edwards, Director of Property and Assets Email: andrew.edwards@westsussex.gov.uk Tel: 033 022 24261.

Consultation process

Representation can be made via the officer contact.

Consultees

Local members.

Democratic Services Contact: Suzannah Hill Tel. 033 022 22551

Background3: A Council that Works for the Community

Decisions

Background papers

  • None