Decision Maker: Decision of the Executive Mayor
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
RESOLVED:
1 To approve the Council’s purchase of the freehold interest in 96-98 Leonard Street at the price set out in the Appendix and outlined in red on the plan attached to this report.
2 To authorise the Corporate Director of Legal HR and Regulatory Services to agree the terms for the acquisition of the freehold interest at 96-98 Leonard Street Hackney and to sign and complete all other relevant and ancillary legal documentation arising thereto on behalf of the Council.
3 To delegate to the Corporate Director of Finance and Resources authority to determine the most cost effective option in terms of financing the acquisition provided that it represents best value on the part of the Council.
REASONS FOR DECISION
The acquisition of this property will support both the Council’s financial and inward investment objectives.
DETAILS
OF ALTERNATIVE
OPTIONS CONSIDERED AND REJECTED
No alternative options
have been considered.
RECORD OF CONFLICTS OF INTEREST AND DISPENSATIONS GRANTED
None
Publication date: 05/02/2014
Date of decision: 05/02/2014
Decided at meeting: 05/02/2014 - Decision of the Executive Mayor