Issue details

Property Investment Acquisition (Project Shirley) - Key Decision

Decision type: Key

Decision status: For Determination

Notice of proposed decision first published: 14/02/2020

This decision will be taken under urgency procedures.

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

Anticipated restriction: Fully exempt  - View reasons

Explanation of anticipated restriction:
It is not in the public interest to disclose this information because the decision contains information relating to the financial business affairs of the seller and the Council. Disclosure of the negotiations around the purchase price at pre-contract stage could adversely affect the Council's negotiating position with the seller. In addition, disclosure of the Council's financial appraisal could have similar adverse affects.

Decision due: Not before 6th Mar 2020 by Leader of the Council

Lead member: Leader of the Council

Lead director: Corporate Director for Development and Growth

Department: Development and Growth

Contact: Beverley Gouveia Email: Tel: 01158762381.