Decision details

Approval is sought for the purchase of a strategic property holding the value of which results in the decision being a key decision.

The Chief Officer Financial Services:

i)  Approved the injection to the capital programme as outlined in the confidential appendix.

The Director of City Development:

i)  Authorised the Head of Land & Property to instruct the agent to act on the Council’s behalf and provide specialist property support as outlined in the confidential appendix.

ii)  Authorised the purchase of the property at the cost outlined in the confidential appendix, and as a consequence of the acquisition to enter into the Thorpe park management company.

iii)  Approved the authority to spend as outlined in the confidential appendix.

iv)  Waived of the Contracts Procedure Rules nos 8.1 and 8.2 and authorised the direct appointment of CBRE to temporarily manage the property on the Council’s behalf as outlined in the confidential appendix.

v)  Agreed that this report is made exempt to Call-In for the reasons set out in paragraph 4.5.5 in the open part of the report.

Individual briefings

Executive Member for Resources and Sustainability

Executive Member for Regeneration, Transport and Planning

Leader of Conservative Group

Leader of Lib Dem Group

Chief Finance Officer