Resolved – That the updated Community Asset Transfer Policy be approved, subject to the following amendments:

1. The use of the terms “tenants, community groups and community organisations” to be replaced with “not-for-profit organisations”.
2. Removal of lease terms between 3 and 25 years and its replacement with lease terms to be determined based on the quality of each individual business plan.
3. Before an asset is transferred, organisation be made fully aware as to the condition of any asset prior to submitting a business case.
4. Where a community asset is located within an asset still owned and insured by the Council, the option for that insurance to be retained and the not-for-profit organisation recharged as opposed to seeking its own insurance be made available.
5. The terms of any rent increases be included in lease agreements with not-for-profit organisations.