Decision details

Investment Proposal

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider a property investment acquisition in line with the emerging Capital Investment Strategy. The options, options analysis, including risk assessment and officer preferred option, will be set out in the exempt report.

Decisions:

(Cabinet Member with Special Responsibility Councillor Whitehead)

 

Cabinet received a report from the Director for Economic Growth & Regeneration which was exempt from publication by virtue of paragraph 3 of Schedule 12A of the Local Government Act, 1972.

 

The options, options analysis, including risk assessment and officer preferred option, were set out in the exempt report.

 

It was proposed by Councillor Whitehead, seconded by Councillor Hanson and resolved:-

 

Resolved:

 

(7 Members (Councillors Brookes, Frea, Hanson, Lewis, Parr, Sinclair & Whitehead) voted in favour, 1 Member (Councillor Hamilton-Cox) voted against and 1 Member  (Councillor  Jackson) abstained.)

 

The resolution is set out in a minute exempt from publication by virtue of paragraph 3 of Schedule 12A of the Local Government Act, 1972.

 

Officer responsible for effecting the decision:

 

Director for Economic Growth & Regeneration

 

Reasons for making the decision:

 

The decision is consistent with the Council’s priorities.  Exactly how the decision fits with those priorities is set out in the exempt minute.

 

 

Report author: Paul Rogers

Publication date: 02/11/2020

Date of decision: 27/10/2020

Decided at meeting: 27/10/2020 - Cabinet

Effective from: 10/11/2020

Accompanying Documents: