General exception notice

General Exception Notice, Leader's Key Decision - Property Aquisition - Project Newcastle - 08/11/17  (08/11/2017 to 16/11/2017, Leader's Key Decision - Notice)

Plan items
No. Item

1.

Investment Acquisition - Project Newcastle - Key Decision New!

Decision maker:  Leader of the Council

Decision due:   Not before 16th Nov 2017

Lead officer:  Peter Carroll

Notice of proposed decision first published: 08/11/2017

This decision will be taken under urgency procedures.

Reason for urgency:
The item could not be included on a 28 day notice because Heads of Terms have been agreed with the vendor and a condition of the sale is an exchange within 20 days of receiving the full legal pack, and completion 14 days thereafter.

Anticipated restriction: Fully exempt  - view reasons

Explanation of anticipated restriction:
It is not in the public interest to disclose this information because 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.