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  • Decision details

    Acquisition of a site - Cabinet decision 21/12/2016

    Decision Maker: Chief Finance Officer

    Decision status: Recommendations Approved

    Is Key decision?: Yes

    Is subject to call in?: No


    he Chief Finance Officer decided the most financially advantageous funding arrangements for the purchase and that the acquisition is prudentially affordable.

    Reasons for the decision:

    Acquiring the site will bring in a steady income stream for the term of the lease and give the Council the ability to redevelop the site in the future (releasing further development value).

    The income stream will assist in the future financial stability of the Council.

    Alternative options considered:

    Option 1 - to acquire the site
    Option 2 - not to acquire the site

    Publication date: 12/02/2019

    Date of decision: 11/02/2019