Reference: D918
Decision Maker: Chief Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To enable purchase of commercial property in
accordance with the Commercial Property Investment
Strategy.
To purchase commercial property in accordance
with the Commercial Property Investment Strategy. This decision was
made in compliance with the urgency provisions under Regulation 11
of the Local Authorities (Executive Arrangements) (Access to
Information) (England) Regulations 2012.
To enable GBC to purchase commercial property
in accordance with the Commercial Property Investment Strategy so
that it can meet its income generation target.
An alternative would be not to agree to
purchase commercial property in accordance with the Commercial
Property Investment Strategy. However, this would mean that the
opportunity to meet GBC’s planned income generation, in this
instance, would be lost.
Publication date: 12/11/2019
Date of decision: 08/11/2019
Accompanying Documents: