Agenda and decisions

To receive any apologies for absence.

To approve the minutes from the previous meetings.

To receive and note any declarations of interests in respect of any matters included on the agenda for consideration at this meeting.

(The other registrable interests of Councillors of Somerset Council, arising from membership of City, Town or Parish Councils and other Local Authorities will automatically be recorded in the minutes: City, Town & Parish Twin Hatters - Somerset Councillors 2023 )

The Chair to advise the Committee of any items on which members of the public have requested to speak and advise those members of the public present of the details of the Council’s public participation scheme.

For those members of the public who have submitted any questions or statements, please note, a three-minute time limit applies to each speaker and you will be asked to speak before Councillors debate the issue.

We are now live webcasting most of our committee meetings and you are welcome to view and listen to the discussion. The link to each webcast will be available on the meeting webpage, please see details under ‘click here to join online meeting’.

To note relevant items on the Executive forward plan:

Executive Forward Plan

The Property and Investments Executive Sub-Committee resolved to:

1. Note the performance indicators for the asset management of the Commercial Investment Portfolio for Q4 2024/2025 as shown in Tables 1, 2, and 3. 

2. Note the main risks to the programme set out under paragraph 10. 

3. Note the performance indicators for the individual assets within the portfolio in Confidential Appendix A. 

4. Note the detail of progress with property disposals in Confidential Appendix A.  
5. Agree the confidential recommendations set out in Confidential Appendix A.

The Property and Investments Executive Sub-Committee resolved:

1. To pass a resolution under Schedule 12A of the Local Government Act 2000 to exclude the press and public from the meeting, on the basis that if they were present during the business to be transacted there would be a likelihood of disclosure of exempt information, within the meaning of Schedule 12A to the Local Government Act 2000: Reason: Information relating to the financial or business affairs of any particular person (including the authority holding that information). 

2. To approve the recommendations set out in the confidential Appendix A?? 

3. To delegate authority to make all necessary arrangements and agreements to conclude the sales by the 31 March 2026 to Executive Director for Resources, Strategy and Transformation in consultation with the Lead Member for Economic Development, Planning and Assets 

The Property and Investments Executive Sub-Committee resolved to:

a.    Pass a resolution under Schedule 12A of the Local Government Act to exclude the press and public from the meeting, on the basis that if they were present during the business to be transacted there would be a likelihood of disclosure of exempt information, within the meaning of Schedule 12A to the Local Government Act 2000: Reason: Information relating to the financial or business affairs of any particular person (including the authority holding that information).

b.    Agree the confidential recommendations set out in the report.

The Property and Investments Executive Sub-Committee resolved to:

1. Nominate and appoint Robert Orrett (Head of Commercial Investment) as Council appointed director to the board of Aspen Housing and Development Limited (company number 10000266) with immediate effect. 

2. Nominate and appoint Robert Orrett (head of Commercial Investment) as Council appointed director to the board of Sedgemoor Group Limited (company number 10084596) with immediate effect.