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Decision Maker: Executive Councillor for Transformation
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Decision to acquire Cambridge Road Retail Haverhill Suffolk
Decision of: |
Councillor Owers Executive Councillor for
Finance and Resources |
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Reference: |
15/URGENCY/S&R/06 |
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Date of decision: |
15/12/2015 |
Recorded on: |
8/1/2016 |
Decision Type: |
Key Decision |
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Matter for Decision: Why the decision had to be made (and
alternative options: |
The
balance payment needed to acquire Cambridge Road Retail Park, Haverhill
Suffolk CB9 7GS of £1,000,000 to be funded by capital receipts. To
approve the use of capital receipts to fund the additional expenditure on the
acquisition of a commercial property in order to proceed with the acquisition |
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The Executive Councillor’s decision(s): |
To approve that the balance of
payment needed to acquire Cambridge Road Retail Park of £1,000,000 is funded
by capital receipts |
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Reasons for the decision: Scrutiny consideration: |
As
outlined above and in the report. The
Chair and Spokesperson of the Strategy and Resources Scrutiny Committee were consulted
prior to the action being authorised. |
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Report: |
A report detailing the
background and financial considerations is not attached as this is
confidential by virtue of Schedule 12A Part 3. (Information relating to the financial or
business affairs of any particular person (including the authority holding
that information)) of the Local Government Act 1972 |
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Conflicts of interest: |
No
conflicts of interest were declared by the Executive Councillor. This urgent decision will
be reported to the next Strategy & Resources Committee. |
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Comments: |
None |
Publication date: 08/01/2016
Date of decision: 08/01/2016