Decision Maker: Executive
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
To consider the acquisition of a freehold in Salfords.
RESOLVED that subject to a satisfactory due diligence report being received, the Head of Finance and Assets, in consultation with the Director for Finance and Organisation, the Executive Member for Property and Acquisitions, and Executive Member for Finance, be authorised to: (a) acquire the Freehold referred to in the report for investment purposes; and (b) agree any variations to the heads of terms and to the acquisition price further to external valuation advice and due diligence investigations as set out in the exempt Part 2 report.
Wards Affected: Salfords and Sidlow;
Contact: Coralie Holman, Principal Property Development Manager Email: Coralie.Holman@reigate-banstead.gov.uk.
Publication date: 04/12/2018
Date of decision: 29/11/2018
Decided at meeting: 29/11/2018 - Executive
Effective from: 12/12/2018