Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Acquisition of freehold interest of an
operational property
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 To note that appendices 1 and 2 of the report are not for publication on the basis that they contain information relating to the financial or business affairs of any person (including the authority holding that information) as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: