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RULE 16 Acquisition of income generating investments to incorporate within the Commercial Estate to move to full approval from provisional

 

 

Acquisition of income generating investments to incorporate within the Commercial Estate to move to full approval from provisional.

Decision type: Key

Decision status: Approved

Notice of proposed decision first published: 27/07/2018

This decision will be taken under urgency procedures.

Reason for urgency:
The decision is being made in accordance with Rule 16 of the Council’s constitution. It would generally be an ordinary single member decision but to enable the transactions to complete successfully it is necessary to use the Council’s urgency procedure.

The urgency arises as a result of the owner of one of the properties requiring completion by a specified date from the agreed heads of terms in September 2018 or risk placing the investment back on the market. The acquisitions are subject to appropriate due diligence for transactions of this nature.

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
Information relating to the financial or business affairs of any particular person (including the authority holding that information).

Decision Type: Key Decision;

Decision due: 11 Sep 2018 by Cabinet Member - Finance and Efficiency, Leader of the Council

Lead director: Director Commercial

Contact: Richard Long, Head of Property Services Email: richard_long@bathnes.gov.uk Tel: 01225 477075.

EFP Reference: E3087

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