Decision details

RESOLVED that:

(i)            the Head of Property be authorised, in consultation with the Head of Finance; and Executive Members for Property and Acquisitions and Finance to acquire the Freehold referred to in the Executive’s report, for investment purposes, being subject to satisfactory due diligence reports being received and the details set out in the confidential report at Part II of the Executive’s agenda; and

(ii)          to note that there may be a requirement to set aside a sinking fund for budget setting purposes in accordance with the details set out in the exempt Part 2 section of the Executive’s agenda.