Decision details

Potential property acquisition decision - Colmworth Trading Estate, St. Neots

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decisions:

Cabinet considered a confidential report seeking its approval for a commercial property investment that would enable the Council to pursue its Business Plan objective of supporting businesses and delivering positive financial returns.

 

Following a short debate, Cabinet

 

1.    approved the investment and purchaser’s costs outlined in the confidential report from the Interim Director of Finance;

 

2.    agreed that the acquisition of the property at Colmworth Trading Estate, St. Neots should be funded by the approved capital programme and be used as a multi-let trade counter investment in accordance with the approved Investment Strategy.

Publication date: 06/11/2019

Date of decision: 06/11/2019

Decided at meeting: 06/11/2019 - Cabinet

Effective from: 19/11/2019

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