Issue - meetings

Paragraph 3 – Information relating to the financial or business affairs of any particular person (including the authority holding that information)

Council considered a recommendation from Cabinet to approve a supplementary Capital provision of £42m to provide sufficient headroom in the Capital Programme for the acquisition of a property known as ‘Property Acquisition X’.  This was considered a strategic asset with potential to improve the environmental and economic well-being of the area.  The site was likely 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.

Resolved that Council approves a supplementary Capital provision of £42m to provide sufficient headroom in the Capital Programme for the acquisition and for the appointment of the design team and the contractors for enhancement projects.