Decision details
Aequus Construction Limited - Approval of Development Proposal
Decision Maker: Leader of the Council
Decision status: Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To seek shareholder approval for the provision of funding for Aequus Construction Limited to deliver a housing development scheme in Bath.
Decision:
Approval to progress the purchase and development of the Sladebrook Road site.
Reasons for the decision:
To enable ADL to succeed in delivering returns to the Council, it must have development sites to develop.
This decision is not subject to call in by virtue of part 4 D (1) of the Council’s Constitution which specifically excludes from call in decisions of the Leader acting in their capacity as Shareholder of a Local Authority Company owned or operated by the Council.
Alternative options considered:
To refuse shareholder consent to the request which would limit the ability of ACL to operate and compete in the marketplace.
Publication date: 04/02/2019
Date of decision: 31/01/2019
Accompanying Documents:
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