State the Delegated Authority that you are relying on in order to make the decision | Executive Sub Committee for Property - 14 March 2019 - Acquisition of Homes England Land at Middlehaven -Dockside North - Part A. |
Subject of decision | Acquisition of Homes England Land at Middlehaven – Dockside North – Due Dilligence Prior to Option Agreement |
Text of decision | The Executive Director of Growth and Place and the Strategic Director of Finance, Governance and Support to be presented with the due diligence checks/documents relating to SubZero Ltd, prior to the legal completion on the Option Agreement relating to the Dockside North Land as per the Executive report. |
Reason for decision | The Executive report requires the presentation of Subzero (Middlehaven) Ltd due diligence, including company credit check(s) and Director checks, to be presented, prior to the final sign off of the Option Agreement documents. Legal were consulted on what checks would be deemed sufficient, and this has been collated. All checks were completed and a summary is provided on the attached. |
Other options considered (if any) | No realistic alternatives at this stage given the acquisition of land from the HCA was purchased on the predication of the back-to-back disposal (via Option Agreement) to SubZero Ltd. |
Has an Impact Assessment been carried out - if so please attach a copy to the decision using the upload attachment screen which follows | No |
Declarations of Interest by any member or relevant local government body | N/A |
Who have you consulted as part of the decision making process | Legal Services and Finance. |
Date of decision | 11 April 2019 |
Service area | Economic Development & Infrastructure |
Name of Delegated Officer making the decision - i | Kevin Parkes - Executive Director, Growth & Place James Bromiley - Strategic Director, Finance, Governance and Support |
Name of the Officer making the decision - If power has been sub-delegated to another officer | N/A |
Issue date:- | 29 April 2019 by |
Creation date:- | 29 April 2019 10:09:29 by |
Background paper/Impact Assessment | Delegated Decision - Dockside North (298K/bytes) |