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Decision details
Acquisition of Hawkfield Business Park
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To seek approval to purchase land and
buildings at Hawkfield Business Park.
Decision:
That Cabinet
1. Authorised the Executive Director: Growth & Regeneration, to proceed to take all necessary steps to purchase the Hawkfield Business Park freehold land interest at market value.
2. Noted that funding for the purchase price of the site and associated disbursements, will be met by BCC through a short term in-year bridging payment pending full funding being agreed by WECA.
3. Authorised the Executive Director: Growth & Regeneration and the Chief Finance Officer to agree an appropriate funding arrangement with the WECA Chief Finance Officer, in order that the Council can recoup its expenditure.
4. Should funding not be agreed with WECA, authorised the Executive Director: Growth & Regeneration and the Chief Finance Officer to sell the land to recoup BCC expenditure
Report author: Stuart Woods
Publication date: 04/12/2018
Date of decision: 04/12/2018
Decided at meeting: 04/12/2018 - Cabinet
Effective from: 12/12/2018
Accompanying Documents:
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