Issue - meetings

Potential Property Investment Decision

Meeting: 19/04/2021 - Cabinet (Item 9)

Potential Property Investment Decision

Additional documents:

  • Restricted enclosure 2
  • Restricted enclosure 3
  • Restricted enclosure 4
  • Restricted enclosure 5

Decision:

Cabinet:

 

Recommended to Council the exempt report, as amended

 

Please note that recommendations to Council are not subject to call in

Minutes:

Councillor Peter McDonald, Lead Cabinet Member for Business Recovery and Skills, had previously declared an interest, being a member of the South Cambridgeshire Investment Partnership Board, and left the meeting for the duration of this item.

 

Cabinet received the exempt report. Councillor Bridget Smith, Leader of the Council introduced the report. Councillor John Williams, Lead Cabinet Member for Finance, mentioned this investment was part of the previously approved Investment Strategy.

 

The Monitoring Officer noted an amendment to the recommendations. After a short discussion, Councillor Bridget Smith concluded the debate, thanked Officers for their work, and Cabinet:

 

Agreed the options as detailed in the exempt report, as amended.


Meeting: 13/11/2019 - Weekly Bulletin (Item 11.)

Potential Property Investment Decision - Colmworth Trading Estate - St Neots

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.

 

This decision was first published on 11 November and so the deadline for call-in is Monday 18 November at 5pm.