Agenda item

Report of the Town Clerk.

The Committee considered a report of the Town Clerk which advised Members of the key discussions which had taken place during recent meetings of the Committee’s Sub-Committees.

After the Chairman of the Corporate Asset Sub-Committee informed the Finance Committee of CASC’s decision to dispose of the remaining part of the Woodredon Estate in Epping Forest, namely, the Woodredon Farm, a Member of the  Epping Forest and Commons Committee (who also sits on FC), asked whether the funds derived from the disposal could go back to support the vital work of maintaining Epping Forest.

The Chairman pointed out that whilst departments and their Service Committees were perfectly entitled to make a case for funding, the sums from the disposals of Corporation assets were a matter, in the first instance, for the Corporate centre; in short, we needed to avoid the automatic assumption that funds from disposals reverted back to the department that was previously responsible for the asset.

RESOLVED – that the Committee noted the report.