Investment Opportunity
The Cabinet is requested to consider the confidential* agenda report and its appendix and to make the following the following recommendation to the Council:
That the Council:
(1) Approves the release of the sum and from the funds as stated in the agenda report to make the subject acquisition.
(2) Authorises the Head of Commercial Services, following completion of due diligence and consultation with the Cabinet Member for Commercial Services, to approve the final terms of this acquisition.
*[Note Paragraph 3 (information relating to the financial or business affairs of any particular person (including the authority holding that information)) of Part I of Schedule 12A to the Local Government Act 1972.]
Additional documents:
Decision:
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.
Minutes:
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.