Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
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: