Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
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