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.
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