The Executive RECOMMEND that the Council approves:
I. The five-year Capital Strategy for 2024/2029, incorporating the Treasury Management Strategy, Prudential Indicators and Asset Investment Strategy, for approval.
II. That Full Council delegate authority to the Executive for the financial year 2024/25, subject to a positive recommendation from the Asset Investment Advisory Board and agreement from the Chief Executive and Strategic Director:
a) to bid, negotiate and complete on property acquisitions and investments in land and buildings with a total individual cost of up to £10m, subject to the decision fully satisfying all criteria and process requirements set out in this Strategy; and
b) to determine a funding strategy for the acquisition or investment in line with the Treasury Management Strategy; and
c) to appoint advisors and undertake appropriate due diligence for each property acquisition and investment proposal as necessary; and
d) to complete the legal matters and signing of contracts to execute the transactions referred to above.