Commercial Property Investments - Update
To consider the report of the Director of Development and Regeneration
Additional documents:
Minutes:
Consideration was given to the report of the Director of Development and Regeneration, as contained on pages 655 to 666 of the Book of Reports, which provided an update on the most recent commercial property investments made by the Council and requested an uplift in the level of investment delegated to the Strategic Asset Purchasing Committee to £2 million.
A revised Appendix A was circulated.
RESOLVED: A. That the update on the most recent commercial property investments be noted.
B. That the level of investment delegated to the Strategic Asset Purchasing Committee, be increased to £2 million.
Commercial Property Investments - Update
To consider the report of the Director of Development and Regeneration
Additional documents:
Minutes:
Consideration was given to the report of the Director of Development and Regeneration which provided an update on the most recent commercial property investments made by the Council. It was noted that Cabinet, at its meeting on 6 November 2018, had agreed an uplift in the level of investment delegated to the Strategic Asset Purchasing Committee to £2 million and that the report would be considered by Council on 12 December 2018.
The Deputy Director of Development and Regeneration attended the meeting provided an overview, clarification on the issues raised and responded to questions.
RESOLVED That the report be noted.
Commercial Property Investments - Update
(Relevant Portfolio Holder: Councillor I Moran)
Additional documents:
Minutes:
The Leader introduced the report of the Director of Development and Regeneration which provided and update on the most recent commercial property investments made by the Council and requested an uplift in the level of investment delegated to the Strategic Asset Purchasing Committee to £2million.
In reaching the decision below, Cabinet considered the details as set out in the report before and accepted the reasons therein.
RESOLVED A. That the update on the most recent commercial property investments be noted.
B. That the level of investment delegated to the Strategic Asset Purchasing Committee be increased to £2million.
C. That the call-in procedure is not appropriate for this item as the report is to be considered at the meeting of the Executive Overview and Scrutiny Committee on 22 November 2018.