Decision details

Community Right to Bid (Assets of Community Value) Policy

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

RESOLVED:

 

KEY DECISION

 

That the Executive approved the Community Right to Bid (Assets of Community Value) Policy.

 

 

The reasons for the recommendation are:

 

·         The Council has a legal responsibility to process and maintain a list of assets of community value, the policy and processes support the council in discharging this obligation.

 

·         Adopting the policy provides for a consistent and transparent approach to be administered which reduces the risks associated with such decisions.

 

·         Adopting the policy supports the Council’s Corporate Plan.

 

Alternative Options Considered: The Council has a statutory duty to keep a record of assets that have been nominated as community assets and, for the successfully listed assets, provide regulatory oversight to ensure that a moratorium is provided for should the owner decide to sell the asset. Additionally, the considerations for determining if an asset of community value should be listed are defined by legislation. The Council therefore has limited alternative options to deviate from the proposed policy structure.  

 

Publication date: 19/05/2022

Date of decision: 19/05/2022

Decided at meeting: 19/05/2022 - Executive

Effective from: 27/05/2022

Accompanying Documents: