Decision details

ACQUISITION OF A PROPERTY IN TRAFFORD

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

1. That the content of the report and the proposed next steps be noted.

 

2. That it be noted that an offer is to be made for the property on the terms set out in the report.

 

3. That ‘in principle’ approval be given for the proposal to acquire the property subject to full due diligence and demonstration of a sound business case.

 

4. That authority be delegated to the Corporate Director of Place in consultation with the Leader and under advisement from the Corporate Director for Governance and Community Strategy and the Corporate Director for Finance and Systems to finalise and agree the terms for the acquisition of the property in line with the terms as set out in the report.

 

5. That the proposal be noted to procure an operating partner in relation to the business to be carried on within the property.

 

6. That authority be delegated to the Corporate Director for Governance and Community Strategy to enter into and complete any legal documents required to acquire the property.

Publication date: 18/07/2019

Date of decision: 15/07/2019

Decided at meeting: 15/07/2019 - Executive

Effective from: 26/07/2019

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