iDEAS FOR GOVERNANCE
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Ideas for Governance sets out some thoughts for improving quality of life in the urban civic space. CEOs in government bodies might consider adapting and building on these ideas to deliver superior citizen services. The ideas and approaches stated here are meant for use as shareware by anyone. Categories    Citizen interface    City governance    City planning    Civic assets    Public Transport    Revenue augmentation    Traffic    Utilities    Waste management

City enterprise assets | April 5, 2004 | The Idea Ensure that enterprise assets of the city get market rates In this category  Property tax reforms  Property tax compliance  City enterprise assets  Trade license simplification  Bus shelters More Ideas  Citizen participation  MoUs  Road cutting protocol  Pay and use toilets  Plan sanctions for construction The Rationale The city agencies have many properties which are akin to commercial assets. In many cases the return on these properties are way below market rates. The database of these assets need to be built in a transparent manner and bench marked against return from other similar properties in the area An Approach Build a comprehensive database of civic properties – classify them into enterprise (Commercial) and community assets (eg. parks, civic amenities, schools, etc.) Ideally the database needs to be archived (digitally) with associated paperwork setting out property details, maps and ownership documents Focus on enterprise assets. List rates obtained currently and nature of current lease agreements Compare rates with 3-4 similar commercial properties in the same area. Use these as a bench mark target rate to be got from the civic enterprise asset Renegotiate terms through a transparent process when leases come up for renewal Display list of enterprise assets and returns on them to provide accountability Consider disposal of enterprise assets which are a drain on civic budgets particularly in the form of high interest burden on borrowings for capital intensive projects Potential Partnerships Local neighbourhood groups to report on any potential under utilization of enterprise assets in their area The Benefits Civic bodies starved of funds. City enterprise assets often end up subsidizing creamy layer of society Higher income for civic body for development initiatives Transparency allows for gains to accrue to city body Visibility of government properties make it difficult for encroachments or ‘siphoning’ away civic assets Email Discuss Print    Rate this idea   1   2   3   4   5

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