Decision details
Review of Commercial Car Parks
Decision Maker: Finance, Policy and Resources Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decisions:
With reference to article 25 of the minute of its meeting of 28 September 2010, the Committee had before it a report by the Director of Enterprise, Planning and Infrastructure which sought consideration of the Council’s car parks portfolio, not including public use car parking, with a view to establishing a strategy for the management and maximising potential income from that asset group in the future.
The report recommended –
that the Committee -
(a) agree that in the short term, the Council would retain ownership of the leased car park sites on the Investment Portfolio with a view to maximising rental income and potential capital receipts;
(b) agree that in the medium term, the Head of Asset Management and Operations assess the options again with a view to establishing whether any changes in economic factors were affecting the Council’s car parks Investment Portfolio interests; and
(c) agree that where applicable, to continue to explore all avenues of income generation for the vacant/development parking sites.
The Committee resolved:-
to approve the recommendations.
Publication date: 18/06/2013
Date of decision: 13/06/2013
Decided at meeting: 13/06/2013 - Finance, Policy and Resources Committee