Decision details

Consideration was given to the report of Finance Portfolio Holder which considered a property investment proposal.

Having considered the options and for the reasons set out in the report, Cabinet agreed to the following:

Recommended:

1.  That subject to the completion of due diligence work (paragraphs 9.2 and 9.3 of the report), the Council approves the project described in the report and authorises officers to take all steps necessary to complete the project.

2.  That funding for the project be approved from the Capital Receipts Reserve within the limits described in paragraph 8.6 of the report.