Decision details

Property Investment Strategy: Investment Proposals

Decision Maker: Cabinet

Decision status: Item Called In

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider the Phase 3 Business Case on subject assets approved by the council's Capital Strategy Group as suitable acquisitions to support the Funding the Future strategy and a range of wider council economic, social and environmental priorities. Members are asked to approve the final actions necessary to formally secure the subject assets via completion of the agreed contractual terms of sale.

Decisions:

(Cabinet Member with Special Responsibility Councillor Reynolds)

 

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 Reynolds proposed, seconded by Councillor Frea and resolved:-

 

Resolved:

 

(1)             The resolution is set out in a minute exempt from publication by virtue of paragraph 3, Schedule 12 A 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: 22/07/2020

Date of decision: 14/07/2020

Decided at meeting: 14/07/2020 - Cabinet

Issue status: The decision is currently being reconsidered

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