Decision - Investment Opportunity 6/9/19

Investment Opportunity 6/9/19

Decision Maker: Cabinet

Decision status: Recommendations approved

Is Key decision?: No

Is subject to call in?: No

Decision:

That Investment Opportunity 6/7/19 be deferred to enable the Director of Asset Management, Investment and Housing, TDA, to obtain further financial information in respect of the tenant and future use of the site.

Reasons for the decision:

To enable further information to be obtained before the Cabinet makes a final decision in respect of this investment.

Alternative options considered:

None

Implementation:

The decision in respect of Investment Opportunity 6/9/19 will come into force immediately. Any delay likely to be caused by the call-in process would prejudice the Council’s interest. The Overview and Scrutiny Co-ordinator was consulted on 3 September 2019 and agreed that the decision was urgent.

Information:

The Cabinet considered the submitted Exempt Report on the proposed purchase of one new investment on behalf of the Council in line with the Investment and Regeneration Strategy.

Councillor Steve Darling proposed and Councillor Cowell seconded a motion which was agreed unanimously by the Cabinet as set out above.

(Note: Councillor Doggett arrived at the meeting during discussion of this item.)

Interests and Nature of Interests Declared:

None

Publication date: 06/09/2019

Date of decision: 03/09/2019