Decision Maker: Chief Executive, Group Head of Corporate Governance
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
The Chief Executive undertook any necessary
subsequent negotiations (including further bids if required) and
completed the acquisition of the asset (in consultation with the
Chief Finance Officer, the Leader and the Cabinet Member for
Finance);
The Head of Corporate Governance entered into any legal
documentation necessary to acquire the asset.
The site will provide additional residential
accommodation to help meet housing need and generate rental
income.
It will bring in a steady income stream for the term of the lease.
The income stream will assist in the future ongoing financial
stability of the Council.
Option 1 - Formally agree the conditional bid
and complete the acquisition
Option 2 - Formally agree not to submit a bid.
Publication date: 26/03/2019
Date of decision: 23/03/2019