Decision details

Acquisition of Property in Earlswood and Whitebushes

Decision Maker: Commercial Ventures Executive Sub-Committee

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Discuss options at site.

Decision:

RESOLVED that:

i)               subject to satisfactory due diligence, the Head of Legal and Governance, in consultation with the Head of Finance and Assets and members of the Commercial Ventures Executive Sub-Committee, be authorised to:

 

(a)  Acquire the freehold/leasehold of the properties in Earlswood and Whitebushes as detailed in the exempt report in Part 2 of the report; and

 

(b)  Fund the acquisition and supporting costs from the funding allocated within the approved capital programme for investment in capital schemes to support delivery of the Corporate Plan, Housing delivery Strategy and Investment Strategy.

Reason Key: Expenditure > £250,000;

Corporate Priorities : A great place to live and work.;

Wards Affected: (All Wards);

Contact: Catherine Rose, Head of Corporate Policy Email: Catherine.Rose@reigate-banstead.gov.uk Tel: 01737 276766.

Report author: Catherine Rose

Publication date: 03/02/2020

Date of decision: 30/01/2020

Decided at meeting: 30/01/2020 - Commercial Ventures Executive Sub-Committee

Effective from: 12/02/2020

Accompanying Documents: