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Acquisition of Hawkfield Business Park - NEW ITEM
Meeting: 04/12/2018 - Cabinet (Item 15.)
15. Acquisition of Hawkfield Business Park PDF 129 KB
Additional documents:
- Appendix A -Kelston Gears marketing material, item 15. PDF 9 MB
- Appendix D- Risk Assessment, item 15. PDF 212 KB
- Appendix J-Exempt-Purchase price details , View reasons restricted (15./4)
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