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ASSETS OF COMMUNITY VALUE (ACV1) Nomination Form 20122013For office use onlyUPRN?Application reference numberReceived dateAssigned toDateConfirmed application receiptApplicant advised of assignee
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How to fill out assets of community value

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How to fill out assets of community value

01
Begin by gathering all necessary documents related to the assets. This may include property deeds, financial statements, and documentation of any other valuable community assets.
02
Carefully review each document to ensure you have a clear understanding of the asset and its value. Make note of any important details or considerations.
03
Consult with relevant stakeholders or community members who may have knowledge or expertise regarding the assets. This could include legal advisors, financial experts, or historical experts.
04
Organize the information and data related to the assets in a clear and easily accessible manner. This could involve creating spreadsheets, folders, or digital databases to store the information.
05
Determine the market value or estimated worth of each asset. This may require conducting appraisals or consulting professional appraisers.
06
Document any potential risks or vulnerabilities associated with the assets. This could include factors such as depreciation, maintenance costs, or legal restrictions.
07
Establish a system for regularly updating and maintaining the records of the community assets. This will ensure that the information remains accurate and up-to-date.
08
Share the information and records of the community assets with relevant stakeholders or decision-makers. This will enable informed decision-making and strategic planning.
09
Periodically review and reassess the values and conditions of the assets to account for any changes or developments.
10
Continuously educate and raise awareness among community members about the importance and value of the community assets.

Who needs assets of community value?

01
Community leaders and decision-makers who are responsible for managing and protecting community assets.
02
Government authorities or agencies who may utilize the assets for public interest or development initiatives.
03
Non-profit organizations or charitable institutions that aim to support or preserve community assets for the benefit of the public.
04
Historians, researchers, or enthusiasts who are interested in studying or documenting community assets for academic or cultural purposes.
05
Financial institutions or investors who may consider financing or investing in community assets as part of their business strategies.
06
Real estate developers or urban planners who may incorporate community assets into their development plans or projects.
07
Residents or community members who have a personal or emotional connection to the assets and want to ensure their preservation and well-being.

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Assets of community value are properties or land that the local community can identify as being of importance to them, often because of their social, cultural, or historical significance.
Local authorities are required to file assets of community value, typically at the request of community groups or organizations.
To fill out assets of community value, communities or organizations need to complete an application form detailing the asset's significance, its usage, and the benefits it provides to the community.
The purpose of assets of community value is to give local communities a chance to bid for properties or land that are important to them before they are sold or developed.
Information that must be reported includes the name of the asset, its location, reasons for its community value designation, and any relevant details regarding its current use and ownership.
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