The Chief Executive completed the acquisition
of the asset in consultation with the Chief Finance Officer, the
Leader and the Cabinet Member for Finance.
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 was prudentially affordable.
The Head of Corporate Governance entered into any legal
documentation necessary to acquire the asset on 24 October
2017.
No declarations of interest were made.