Decision details
Aequus - Shareholder approval of development business case proposal
Decision Maker: Cabinet
Decision status: Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
For the Council Shareholder to approve a development business case proposal from Aequus Developments Ltd.
Decision:
It was RESOLVED that that Cabinet REJECTED the Business Case for the proposed development.
NOTE: As the Cabinet rejected recommendation 2.1 they did not vote on recommendations 2.2 and 2.3 of the report.
Reasons for the decision:
The Cabinet as shareholder did not approve the business case.
Alternative options considered:
None.
Interests and Nature of Interests Declared:
Councillor Charles Gerrish declared an other interest as the Chair of the ADL Board. Councillor Gerrish said that he would participate in the debate but that he would abstain from voting.
Report author: Tim Richens
Publication date: 12/11/2018
Date of decision: 08/11/2018
Decided at meeting: 08/11/2018 - Cabinet
Accompanying Documents: