Reference: D956
Decision Maker: Acting Chief Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To enable an offer to be made to purchase a
commercial property in accordance with the Commercial Property
Investment Strategy.
To make an offer to purchase commercial
property pursuant to the Commercial Property Investment Strategy in
accordance with the exempt report reference CPIS 03. 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 make an offer 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 offer 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: 06/03/2020
Date of decision: 06/03/2020
Accompanying Documents: