13/06/2019 - The Sale of 112 to 128 Derby Road and 181 to 195 Wollaton Street, Nottingham - Key Decision
Decision Maker: Leader of the Council
Decision due date: 21/06/2019
Lead officer: Rod Martin
Notice of decision: 13/06/2019
This decision will be taken under urgency procedures.
Reason for urgency:
The item could not be included on the 28 day notice because having received and considered offers from prospective purchasers it is now important to ensure timely completion of the sale, and in order to meet the purchasers and Council’s timescales 28 days notice cannot be given.
10/06/2019 - Property Investment Disposal - Key Decision
Decision Maker: Leader of the Council
Decision due date: Not before 18/06/2019
Lead officer: Beverley Gouveia
Notice of decision: 10/06/2019
This decision will be taken under urgency procedures.
Reason for urgency:
An offer has been received for a multi-occupied office property located out of the City. The offer is in excess of the 2016 acquisition cost and the current assessment of Market Value, and a sale at this time will release a capital receipt for reinvestment. Parts of the property are currently vacant, so a disposal at this time will limit the financial pressure on the Property Trading Account. This item could not be included on the 28-Day Notice because the purchaser has requested a completion within 10 days of the receipt of the legal pack for the property. These are market-facing terms with which we are keen to comply, as the sale will yield a good financial result for the Council.
Anticipated restriction: Part exempt - view reasons
Explanation of anticipated restriction:
The public interest in maintaining the exemption outweighs the public interest in disclosing the information because this is an offer to acquire a property and disclosure of the offer could result in the sale falling through and a loss of a capital receipt to the Council.
31/05/2019 - Surrender of existing lease and grant of new 50yr lease to Nottingham Racecourse - Key Decision
Decision Maker: Leader of the Council
Decision due date: Not before 29/06/2019
Lead officer: Peter Taylor
Notice of decision: 31/05/2019
Anticipated restriction: Part exempt - view reasons
Explanation of anticipated restriction:
It is not in the public interest in disclosing the information because it is commercial sensitive and can prejudice the Council negotiations in future leisure property lease renewals.
31/05/2019 - To approve a new letting at Dolomite Avenue, Coventry Business Park - Key Decision
Decision Maker: Leader of the Council
Decision due date: Not before 07/06/2019
Lead officer: Pippa Hall
Notice of decision: 31/05/2019
This decision will be taken under urgency procedures.
Reason for urgency:
The item could not be included on the 28 Day Notice because we want to maximise income and minimise costs whilst the building is void so want to agree the lease as soon as possible.
Anticipated restriction: Part exempt - view reasons
Explanation of anticipated restriction:
The public interest in maintaining the exemption outweighs the public interest in disclosing the information because disclosure of the terms of the letting at this stage may result in the interest being lost. In addition, the terms contain financial information of the proposed tenant.