Update report on Property Asset Management Plan

(a)That the list of assets currently held by the Council as shown in

confidential Appendix 2 be noted and that this revised summary

(Appendix 1) is then appended to the Asset Management Plan 2016-2020.

(b)That the work program for the period until March 2018 be agreed with

reports being made to the committee seeking instructions on the concluded

reviews . The two areas of work are primarily as follows:-

(i)            Potential development sites for either residential or employment use.

(Included within this will be the Appendix 1 asset types of :- Let land, vacant land, car parks, garages and stores)

(ii)          Improving Commercial Returns to the council, and to allocate assets within this class to the PSP West Dorset LLP project if its establishment is approved.

(Included within this will be the Appendix1 asset types of :- Catering & retail, commercial, residential, plus leased in or managed properties, and vacant land or buildings.)

(c)To agree that officers will seek to achieve a target to commit to deliver 35-50 new homes, and that there will be a target to achieve a 5-10%  increase to property income over the period; and to utilise the advice of HFI in this respect, subject to contract approval.