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
This acquisition will enable the Council to
directly address the longer term sustainability and regeneration of
the Borough. It is a strategic asset which has the potential to
improve the environmental and economic well-being of the area. The
site is prone to be considered for numerous diversified uses all of
which have the potential to help the Council achieve its strategic
objectives outlined in the Corporate Plan.
Option 1 - Agree the bid
Option 2 - Not agree the bid
Publication date: 07/02/2020
Date of decision: 03/02/2020