Decision details
Acquisition of an income generating property investment to incorporate within the Commercial Estate
Decision Maker: Cabinet Member - Finance and Efficiency
Decision status: Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
This acquisition will contribute towards achieving the revenue income targets set out within the strategic review.
Decision:
The Cabinet Member approves:
1) The acquisition of an investment property.
2) Capital expenditure on the acquisition of the property and any necessary adjustments to the 2017/2018 capital budget to reflect this approval.
Reasons for the decision:
The rationale for the decision is largely on a value for money basis, having considered the risks to the Council of not taking it.
Alternative options considered:
None.
Publication date: 27/03/2017
Date of decision: 25/03/2017
Effective from: 04/04/2017
Accompanying Documents:
- Decision E2953 Property acquisition
PDF 64 KB - E2953 Property acquisition
PDF 81 KB
- E2953z Annex LGA 403
PDF 140 KB
- Restricted enclosure View reasons restricted
- Restricted enclosure View reasons restricted