Decision details

Proposed investment purchase report to Cabinet following due diligence.

(recommendation to Cabinet)

The Cabinet received and considered the confidential Part II report and its two appendices which were circulated to CDC members and relevant officers only.

Mrs Keegan presented the report.

Mr Legood was in attendance for this item.

Mr Legood did not add to Mrs Keegan’s introduction.

During the discussion Mrs Keegan, Mr Legood, Mr Over and Mr Ward responded to members’ questions on points of detail.

Decision

The Cabinet voted unanimously on a show of hands in favour of the recommendation and the resolution below.  

RECOMMENDATION TO THE COUNCIL

That the release of the sum and from the funds as stated in the agenda report to make the subject acquisition be approved.

RESOLVED

That the Head of Commercial Services be authorised, following completion of due diligence and consultation with the Cabinet Member for Commercial Services, to approve the final terms of this acquisition.