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: