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  • Decision details

    Aquisition of site 'P'

    Decision Maker: Chief Finance Officer

    Decision status: Recommendations Approved

    Is Key decision?: Yes

    Is subject to call in?: No

    Decision:

    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 is prudentially affordable;

    Reasons for the decision:

    Acquiring the site will bring in a steady income stream in order for the Council to deliver its ambitious housing and regeneration programme across the Borough to help meet the needs of its residents. The Council needs to generate additional income to offset the revenue impacts of undertaking these projects across the Borough

    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