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Key Decision Required:Non the Forward Plan:Cabinet 9 OCTOBER 2020 REPORT OF THE PORTFOLIO HOLDER FOR PARTNERSHIPS A.4DETERMINATION OF A NOMINATION TO REGISTER AN ASSET OF COMMUNITY VALUE: THE ANCHOR
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How to fill out asset-of-community-value-background-and-process

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How to fill out asset-of-community-value-background-and-process

01
Start by understanding what an asset of community value is and its importance in local communities.
02
Gather all the necessary information and documents required to fill out the asset-of-community-value-background-and-process form.
03
Begin by filling out the basic details section, which includes the name, address, and contact information of the community asset in question.
04
Provide a detailed background of the asset, including its historical significance, community involvement, and any unique features that contribute to its value.
05
Outline the process through which the community asset was nominated for asset of community value status, mentioning any relevant community groups or organizations involved.
06
Include information about any previous or ongoing disputes or issues related to the asset's ownership or management.
07
Provide supporting evidence, such as photographs, maps, or testimonials, that demonstrate the asset's community value.
08
Complete the form by signing and dating it, ensuring all information provided is accurate and up-to-date.
09
Submit the filled-out asset-of-community-value-background-and-process form to the appropriate local authority or governing body.
10
Follow up with the relevant authorities to confirm receipt of the form and inquire about the next steps in the process.
11
Be prepared to provide additional information or attend meetings or hearings if required during the asset of community value evaluation process.
12
Stay engaged and informed about the progress of the application, and actively participate in any public consultation or feedback opportunities.
13
Keep copies of all submitted documents and correspondence for future reference or appeals, if necessary.

Who needs asset-of-community-value-background-and-process?

01
Local communities or residents who want to protect and preserve important assets with significant community value.
02
Community groups or organizations that own or manage assets of community value and want official recognition and protection.
03
Individuals or organizations interested in supporting and promoting community-led initiatives and development.
04
Local authorities and governing bodies responsible for evaluating and granting asset of community value status.
05
Developers, businesses, or individuals planning to make changes or acquisitions that may affect assets of community value, as they need to understand the background and process involved.
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The asset-of-community-value background and process refers to the legal framework and procedures established under the Localism Act 2011 in the UK, which allows communities to identify and nominate certain local assets, like pubs or shops, as assets of community value (ACV). This designation gives communities the right to be informed if the asset is being put up for sale, allowing them the opportunity to bid for it.
Typically, community groups, such as local residents' associations, neighborhood forums, or charitable organizations, are required to file this process when they wish to nominate an asset for ACV status. The filing is done to demonstrate community interest in preserving the asset.
To fill out the asset-of-community-value background and process, a community group must complete a nomination form provided by the local authority. The form typically requires information on the asset's address, a description of the asset, its current and past use, information illustrating how it meets the community's needs, and details about the group making the nomination.
The purpose of the asset-of-community-value background and process is to empower local communities by giving them the tools to safeguard important local assets that contribute to their community's social well-being and cohesion. It facilitates community engagement in local planning and development.
The information that must be reported includes the name and address of the asset, a detailed description of its significance to the local community, evidence of community interest or use, and any relevant information about the group submitting the nomination. It is also important to explain why the asset should be considered of community value.
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