Decision details

Acquisition of Units 1-5 Redhill Distribution Centre, Salfords

Decision Maker: Interim Head of Finance

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

The decision is being taken under authority delegated by Executive pursuant to recommendations in reports to Executives dated 29 November 2018 regarding the acquisition of a freehold property in Salfords, Redhill Distribution Centre.
Item 79 of the minutes of the Executive meeting recorded:
Subject to a satisfactory due diligence report being received, the Head of Finance

Decision:

To authorise the acquisition of Units 1-5 Redhill Distribution Centre following the consultations required by the Executive and confirmation of due diligence as requested by the Executive on 29 November 2018.

Reasons for the decision:

The reason for the decision was set out in the above mentioned Executive reports.

Alternative options considered:

The alternative options were set out in the above mentioned Executive reports.

Contact: Pat Main, Chief Finance Officer Email: pat.main@reigate-banstead.gov.uk Tel: 01737 276063.

Publication date: 15/01/2019

Date of decision: 12/12/2018