Agenda and minutes

Consider Minute of meeting held on 20 December 2018.  (Copy attached).

There had been circulated copies of the Minute of 20 December 2018.

DECISION

APPROVED the Minute for signature by the Chairman.

To consider the draft Asset List in terms of the Council Report dated 31 January 2019.  (Copy attached).

There had been circulated copies of a draft Asset List prepared by the Principal Solicitor in terms of the Council Report by the Service Director Regulatory Services dated 31 January 2019 on the duties placed on Scottish Borders Council in respect of common good assets by Part 8 of the Community Empowerment (Scotland) Act 2015 and recommended actions to ensure compliance with such duties.  The Principal Solicitor reported that the draft asset list had been produced in compliance with the Act, using current heritable property registers together with information available regarding moveable items.  Following approval of the asset list by the Common Good Sub-Committee, the Council would publish the proposed list of common good assets and undertake a 12 week public consultation period.  Following the consultation period, the Sub-Committee would reconvene to agree the finalised Common Good Asset Register.  The Register would then be published within six months from the end of the consultation period.  There was a full discussion on each of the items on the Asset Register and some suggested amendments were agreed.   Members advised that were items held in the Coldstream Museum which might belong to the Common Good Fund and it was proposed that the Principal Solicitor contact Live Borders to ascertain if this was the case.  If any items were identified which should be included on the Register it was agreed that powers be delegated to the Principal Solicitor to update the draft register as appropriate in consultation with the Sub-Committee Members.  It was noted that items identified in the future could be added to the Register at a later date.

DECISION

AGREED that powers be delegated to the Principal Solicitor to update the Asset Register if required, in consultation with the Members of the Sub-Committee, following her discussions with Live Borders.

Verbal Update by Pensions & Investments Manager.

The Treasury Business Partner reported that a fund had been set up which included the three items from the Register but there was no cash reserves.  The Sub-Committee noted that no income would be generated from these items.  The assets had been set up from the most recent valuation and any depreciation would be covered by the revaluation reserve. 

DECISION

NOTED the positon.

The date of the next meeting to be agreed.

It was noted that a further meeting would be held in August after the 12 week consultation period.

DECISION

AGREED that a further meeting would be scheduled in August.