Decision - Economic Regeneration Opportunity 11/05/20

Economic Regeneration Opportunity 11/05/20

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

That the Economic Growth Fund Opportunity 11/5/20, as set out in the Exempt Council Minute 134/5/20, be approved.

(Note: the decision in respect of Economic Growth Fund Opportunity 11/05/20 is restricted due to exempt information contained within the decision.)

Reasons for the decision:

To enable the Council to enter into a contract to support economic development in Torquay.

Alternative options considered:

None

Implementation:

This decision will come into force and may be implemented on 4 June 2020 unless the call-in procedure is triggered (as set out in the Standing Orders in relation to Overview and Scrutiny).

Information:

The Cabinet considered the recommendation of the Council in respect of the submitted exempt report on a proposal to enter into a contract for land in Torquay which it has previously purchased. The proposal would support economic regeneration in Torbay and was in line with the Council’s approved Economic Growth Fund Criteria.

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

Interests and Nature of Interests Declared:

None

Publication date: 27/05/2020

Date of decision: 21/05/2020

Effective from: 04/06/2020