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NORTH LINCOLNSHIRE COUNCIL ASSETS OF COMMUNITY VALUE THE COMMUNITY RIGHT TO BID NOMINATION FORM Before completing this form please read the guidance in the Community Rights, Funding and Grants section

How to fill out asset of community value

How to fill out asset of community value

1. Step 1: Gather all necessary information such as the name of the community, date of valuation, and description of assets.
2. Step 2: Identify and document all assets owned by the community. This can include buildings, land, equipment, vehicles, and financial assets.
3. Step 3: Determine the fair market value of each asset. This can be done through professional appraisal or market research.
4. Step 4: Calculate the total value of all assets by summing up the individual values.
5. Step 5: Prepare a written report or spreadsheet documenting all assets and their values.
6. Step 6: Review and verify the accuracy of the report with relevant stakeholders.
7. Step 7: Submit the completed asset of community value documentation to the appropriate authorities or organizations.

Who needs asset of community value?

1. Asset of community value is often required by local government bodies or planning authorities.
2. Non-profit organizations and community groups may also need asset of community value documentation for fundraising or grant applications.
3. Individuals or businesses involved in community development or urban planning may find asset of community value information useful in their work.
4. Researchers or academics studying community assets and their impact may also require asset of community value data.

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What is asset of community value?

An asset of community value is a property or land that is considered important to the local community's social well-being, culture, or economic interests.

Who is required to file asset of community value?

Local community groups, such as parish councils or community organizations, are required to file for an asset of community value.

How to fill out asset of community value?

To fill out the asset of community value, you need to complete a nomination form provided by the local authority, detailing the reasons for the nomination and the significance of the asset to the community.

What is the purpose of asset of community value?

The purpose of an asset of community value designation is to give communities the opportunity to bid for assets that are important to them, ensuring that they are safeguarded for future use.

What information must be reported on asset of community value?

The information that must be reported includes the name of the asset, its location, the reasons it is of community value, and details of the nominating community group.