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