Issue - meetings

A report from the Director of Finance, Resources and Customer Services is attached. This outlines details of a proposed property acquisition.(Report No.189, agenda part two also refers) (Key decision – reference number 3990)

(Report No.185)

(8.50 – 8.55 pm)

Councillor Doug Taylor (Leader of the Council) introduced the report of the Director of Finance, Resources and Customer Services (No.185) setting out proposals for a property acquisition.

NOTED

1.               That Report No.189 also referred, as detailed in Minute No.22 below.

2.               That the site in question was a key piece of green belt land located within the Borough which had been offered exclusively to the Council “off market” with vacant possession being provided upon completion, as detailed in the report.

Alternative Options Considered: Do nothing and do not purchase. This option was not recommended. The failure by the Council to not pursue this acquisition would be considered a lost opportunity to add a key piece of Green Belt land located within the borough to the Councils’ portfolio.

DECISION: The Cabinet

1.               Agreed to approve

(a)  The purchase of the asset as detailed in the part 2 report (Report No.189, Minute No.22 refers)

(b)  The letting of this asset as detailed in the part 2 report (Report No.189, Minute No.22 refers)

(c)  The estimated expenditure associated with the proposed acquisition as detailed in the part 2 report (Report No.189, Minute No.22 refers).

2.               Agreed to delegate authority to the Director of Finance, Resources and Customer Services, to agree final terms and enter into appropriate legal agreements for the proposed transactions outlined at paragraph 2.1 of the report and set out in the decisions above, subject to the Council’s Property Procedure Rules.

Reason: It would enable the Council to add a key piece of Green Belt land located within the borough to its portfolio.

(Key decision – reference number 3990)