To consider a report of the Executive Member for Economy and Regeneration.

That the Executive:

1.    Approved the 10 Year Estates Strategy

2.    Approved the Community Estates Policy

3.    Delegated authority to the Corporate Director of Place to authorise short term lettings at undervalue of assets or parts of assets contained within the Community Estate for community purposes

The Executive Member for Economy and Regeneration outlined to Members a report that sought the Executives approval to adopt the new 10 Year Estates Strategy 2023-2033 and Community Estates Policy and note the process for the future management of the Council’s Community Estate.

Members were informed that the Council owns, manages, or leases around 400 assets across Trafford and the property estate was a key aspect of all Council business. This 10-year strategy would create a sustainable property asset base for future generations to continue to enable the Council to meet its priorities for its residents.

It was reported that the 10-year Estates Strategy was underpinned with the following core principles:

·                Right sized and fit for purpose

·                Asset management focussed on low cost and maximising revenue

·                Investing for growth

·                Transparency

RESOLVED:

That the Executive:

1)    Approved the 10 Year Estates Strategy

2)    Approved the Community Estates Policy

3)    Delegated authority to the Corporate Director of Place to authorise short term lettings at undervalue of assets or parts of assets contained within the Community Estate for community purposes