Decision type: Key
Reason Key: Expenditure, Income or Savings = £750k or more;
Decision status: For Determination
Notice of proposed decision first published: 31/08/2018
This decision will be taken under urgency procedures.
Reason for urgency:
Heads of Terms have been agreed with the vendor and a condition of the sale is an exchange within 10 days of receiving the full legal pack, and completion 5 days thereafter.
Anticipated restriction: Part exempt - View reasons
Explanation of anticipated restriction:
Information relating to the financial or business affairs of any particular person (including the authority holding that information).
The public interest in maintaining the exemption outweighs the public interest in disclosing the information because the decision contains information relating to the financial business affairs of the proposed seller and the Council. Disclosure of negotiations between the seller and the Council relating to the proposed purchase price at this pre-contract stage could adversely affect the Council's position with the seller. Additionally, disclosure of the Council's appraisal of the property could have similar adverse affects.
Decision due: Not before 3rd Sep 2018 by Leader of the Council
Lead director: Head of Portfolio Investment and Development
Department: Commercial & Operations
Contact: Beverley Gouveia 0115 876 2381 Email: beverley.gouveia@nottinghamcity.gov.uk Email: beverley.gouveia@nottinghamcity.gov.uk Tel: 01158762381.