Decision details

Property Acquisition of Freehold in Reigate

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decision:

RESOLVED that:

(i)            the Head of Property be authorised, in consultation with the Head of Finance and the Executive Members for Property and Acquisitions and Finance, to approve the purchase and funding for the acquisition of the Freehold interest of the property referred to in the Executive’s report which was subject to a number of occupational interests, and subject to satisfactory due diligence reports being received; and

(ii)          to note that there may be a requirement for maintenance work to be accounted for at the end of the lease in the event that the Council was successful in this purchase.

Reason Key: Expenditure > £250,000;

Publication date: 01/05/2018

Date of decision: 26/04/2018

Decided at meeting: 26/04/2018 - Executive

Accompanying Documents: