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To acquire a building which would 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.
Decision Maker: Chief Executive
Decision published: 13/09/2018
Effective from: 26/07/2018
Decision:
1) The Chief Executive carried out necessary
negotiations to complete the acquisition of the asset in
consultation with the Chief Finance Officer, the Leader and the
Cabinet Member for Finance.
2) 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, to ensure the
acquisition was prudentially affordable.
3) The Head of Corporate Governance entered into the legal
documentation necessary to acquire the asset
Lead officer: Daniel Mouawad, Terry Collier, Michael Graham