Decision Maker: Chief Finance Officer
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
The Chief Finance Officer decided (i) the most
financially advantageous funding arrangements for the purchase,
(ii) the most tax efficient method of holding the asset, and
overall ensured the acquisition is prudentially
affordable;
Acquiring the site will bring in a steady
income stream in order for the Council to deliver its ambitious
housing and regeneration programme across the Borough to help meet
the needs of its residents. The Council needs to generate
additional income to offset the revenue impacts of undertaking
these projects across the Borough
Option 1 - to acquire the site
Option 2 - not to acquire the site
Publication date: 12/02/2019
Date of decision: 11/02/2019