Agenda and minutes
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Venue: Council Chamber, Civic Centre, Windmill Street, Gravesend DA12 1AU. View directions
Contact: Committee Section
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Apologies for Absence Minutes: Apologies for absence were received from Cllr Pearton and Cllr Ridgers. Councillors Harding and Metcalf attended as their substitutes. An apology for absence was also received from Cllr Bungar.
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Minutes: The minutes of the meeting held on Thursday 31 August 2023were signed by the Chair.
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Declarations of Interest Minutes: There were no declarations of interest.
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Economic and Property Market Update PDF 349 KB Additional documents: Minutes: The Committee were presented with the Economic and Property Market Update. The purpose of the report was to share the RICS publication ‘Economy and Property Update’ August edition with Members. The Estates and Valuation Manager highlighted key aspects from the publication:
Following questions from Members the Estates and Valuation Manager clarified that although the RICS report did outline a subdued trend regarding lettings on a national level, there were pockets in these areas, which were remaining resilient.
Members were informed that nationally, the forecast was not as positive for next year, with economists predicting a downturn.
The Committee noted the report.
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Exclusion To move, if required, that pursuant to Section 100A(4) of the Local Government Act 1972 that the public be excluded from any items included in Part B of the agenda because it is likely in view of the nature of the business to be transacted that if members of the public are present during those items, there would be disclosure to them.
Part B
Items likely to be considered in Private
Minutes: Resolved pursuant to Section 100A(4) of the Local Government Act 1972 that the public be excluded during the following items of business because it was likely in view of the nature of the business to be transacted that, if member of the public were present during this item, there would be disclosure to them of exempt information.
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Property Information Dashboard Minutes: The Estates & Valuation Manager provided the Committee with an update on the Property Information Dashboard and highlighted changes since the previous Committee meeting.
It was noted that unit lease vacancy rates had improved since the last meeting. Members felt that good new stories such as this should be shared.
The Committee noted the Property Information Dashboard.
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