Decision Maker: Chief Finance Officer
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
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
The site will deliver a steady income stream
once developed which will support 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. The site is a key element in the
emerging regeneration plans for Staines town centre.
Option 1 - To proceed with the
acquisition
Option 2 - Not to proceed with acquisition
Publication date: 05/11/2019
Date of decision: 23/10/2019