Kent County Council runs a portfolio with an asset value of c.£1.87 billion. In addition, KCC runs an ambitious capital programme where receipts from the disposal of surplus assets fund improvements to its remaining estate and service improvements.
To ensure KCC extracts maximum financial, operational and social value from its estate it is imperative that it continuously aligns it to KCC’s outcomes contained within its various policies and objectives and looks to the future to determine a plan to follow and assess its success against.
A Property Asset Management Strategy is an effective tool to drive an Estate’s efficient and effective management by setting out objectives and performance criteria. Property assets are a considerable cost to the delivery of services and to ensure value for money is being obtained by KCC, the Estate needs to deliver its function adequately and appropriately in accordance with the needs of the organisation.
This Strategy will replace KCC’s current Asset Management Strategy 2012 – 2017. An Equalities Impact Assessment has been undertaken for this Strategic document. The Plan will contain financial considerations and legal implications where appropriate.
Decision type: Key
Reason Key: Expenditure or savings of more than £1m;
Decision status: Recommendations Approved
Division affected: (All Division);
Notice of proposed decision first published: 23/03/2018
Decision due: Not before 17th May 2018 by Cabinet Member for Corporate and Democratic Services
Reason: in order that it can be published on teh FED for 28 days and be considered by P&R on 11 May 2018
Lead member: Cabinet Member for Corporate and Democratic Services
Lead director: Rebecca Spore
Department: Strategic & Corporate Services
Contact: Mark Cheverton, Property Strategy and Policy Manager 03000 415940 Email: mark.cheverton@kent.gov.uk.
Consultees
The matter will be discussed by the Policy and Resources Cabinet Committee at its meeting on 16 March 2018
Financial implications: To be included in the plan where appropriate
Legal implications: To be included in the plan where appropriate
Equalities implications: An equalities impact assessment has been undertaken for this strategic document