Decision Maker: Chief Finance Officer
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
The Chief Finance Officer has determined the
most financially advantageous funding arrangement for the purchase
(overall ensuring the acquisition is prudentially affordable) and
the most tax efficient method of holding the asset is for it to be
held in Knowle Green Estates Ltd
The site will provide additional residential
accommodation to help meet housing need and generate rental
income.
Option 1 - Formally agree the conditional
bid
Option 2 - Agree not to submit a bid.
Publication date: 26/03/2019
Date of decision: 26/09/2018