Decision details

Acquisition of Freehold in Salfords

Decision Maker: Executive

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider the acquisition of a freehold in Salfords.

Decision:

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

Accompanying Documents: