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  • Decision details

    Investment acquisition V

    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:

    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.

    Alternative options considered:

    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