Issue - meetings

Councillor Elliott, Cabinet Member for Resources, introduced the item and gave a presentation which covered the following:

·  The Commercial Estate, Principal Objective: To generate resilient net income

·  The Commercial Estate rental income and lettings income

·  Commercial Estate Voids

·  The Commercial Estate rent arrears

·  The Commercial Estate Capital Works Programme

·  Climate & Environment Emergency Performance

Panel members made the following points and asked the following questions:

Councillor Tomlin asked for an update regarding the voids. The officer explained that all terms had been agreed and documentation was being prepared. Regarding the position of the Corporate Estate debt, the officer explained that during the separation of Corporate and Commercial Estate, a number of assets were held for Corporate purposes and a debt incurred.

Councillor Blackburn asked about dilapidation. He asked how we manage the risk and do we expect tenants to pick up the repairs. The officer explained that internal repair can be recovered via a service charge agreement. We are not borrowing more than 30% capital gains.

Councillor Hodge asked if there could be a report back to Panel in the Autumn with regards to voids awaiting work.

The Chair thanked the Cabinet Member and officer.