Issue details

Investment acquisition in the Borough - B

To consider an investment acquisition in the Borough.

 

Decision type: Key

Reason Key: Expenditure > £250,000;

Decision status: Deleted

Notice of proposed decision first published: 18/10/2016

Special urgency notice

This item is subject to the Special Urgency procedure. It is proposed to take a key decision on the decision date shown below. It would be impracticable to defer the decision until it has been included on the next Forward Plan and it is not possible to proceed under the General Exception procedure by virtue of the date by which it is proposed to take this decision. The Chair of the Overview and Scrutiny Committee has agreed to the use of the Special Urgency procedure in this case.

Exempt urgency notice

This item is subject to the exempt urgency procedure required by The Local Authorities (Executive Arrangements) (Meetings and Access to Information) (England) Regulations 2012. The Chair of the Overview and Scrutiny Committee has agreed to this item being considered in the exempt session on the date shown below.

Reason for urgency:
In order to secure the property on favourable terms the Council needs to progress with the acquisition with due haste as one would expect with commercial property negotiations. The offer for the property will be strengthened considerably if it is backed by a decision by Cabinet to authorise the purchase. It is therefore not possible to defer the decision until the expiry of 28 working days for the publication of notices under the regulations, as this would put the Council at a considerable disadvantage in the negotiations.

Exempt information notice

It is anticipated that this report will contain information which is exempt from publication and during discussion of this information the public may be excluded from the meeting. View the reasons for the exemption

Representations on exempt information

If you wish to make representations that the public should not be excluded from the meeting during discussion of this item please write to Head of Corporate Governance at f.hussain@spelthorne.gov.uk stating the reasons why you think the discussion should be held in public.

Documents

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