Issue - meetings

(Environment Portfolio Holder) To consider the attached report (C-088-2013/14).

(1)        That Financial Regulation 5.22 (Disposal of Assets) be waived in respect of the transfer of waste management assets from the Council to the next waste management service provider.

The Environment Portfolio Holder presented a report requesting the Cabinet to waive Financial Regulation 5.22 (Disposal of Assets) in respect of the transfer of waste management assets to the new service provider.

The Portfolio Holder reported that, as part of the new waste management contract, the incoming contractor would be required to take possession of the Council’s waste management assets (i.e. vehicles and plant) and pay the Council their Net Book Value at the time of the transfer. However, Financial Regulation 5.22 required that when an asset was disposed of or part exchanged, this should normally be through a competitive tender or public auction, unless, following consultation with the Chief Finance Officer, the Cabinet agreed otherwise. Therefore, it proposed that the Cabinet agree for Financial Regulation 5.22 to be waived to allow the transfer of the waste management assets to the new service provider in November 2014.

The Director of Environment & Street Scene, when questioned, added that the vehicles in the waste management fleet was currently depreciated over a period of seven years.

Decision:

(1)        That Financial Regulation 5.22 (Disposal of Assets) be waived in respect of the transfer of waste management assets from the Council to the next waste management service provider.

Reason for Decision:

To enable the transfer of the existing waste management assets to the incoming contractor at Net Book Value in November 2014.

Other Options Considered and Rejected:

None, other than to refuse the proposed waiver.