Decision details

Acquisition Of Freehold Interest - 145/155 King Street, W6

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Acquisition of freehold interest of an operational property

Decision:

1.    To note that appendices 1 and 2 of the report are not for publication on the basis that they contain information relating to the financial or business affairs of any person (including the authority holding that information) as set out in paragraph 3 of Schedule 12A of the Local Government Act 1972 (as amended). 

 

2.    To delegate to the Strategic Director for the Economy, in consultation with the Borough Solicitor and Cabinet Member for Finance and Commercial Services to agree the property legal agreements

 

3.    To acquire the freehold interest of 145-155 King Street, W6 on the terms set out in Appendix 2 of the report. 

 

4.    To approve a capital budget of up to £19.81 million in 2019/20, to be funded by borrowing, represented by an increase in the Council’s Capital Financing Requirement. 

 

Report author: Nigel Brown

Publication date: 07/01/2020

Date of decision: 06/01/2020

Decided at meeting: 06/01/2020 - Cabinet

Accompanying Documents: