| State the Delegated Authority that you are relying on in order to make the decision | Delegates the completion of acquisitions on the identified properties to the Executive Director of Growth and Place and the Strategic Director of Finance, Governance and Support, in consultation with the Executive Member for Regeneration and the Executive Member for Finance and Governance within the parameters of the report |
| Subject of decision | Executive Members to acknowledge the final terms of the town centre acquisitions, and allow to proceed to exchange and completion. |
| Text of decision | Within the report of the 20th December 2019 the Executive endorsed the decision to proceed with town centre acquisition, with initial offers having been accepted. The details of the acquisition were contained within the Part B, of the report. The decision was approved on the basis of detailed terms and conditions being delegated, following further works, such as the building and condition surveys. |
| Reason for decision | Details of the strategic and commercial case to acquire town centre property was detailed within Part A of this report. Further details of the property, along with financial information, was contained within Part B of the report. Detailed negotiation, along with building and condition surveys, has now concluded. This delegated authority seeks approval to conclude negotiation, leading to exchange and completion. The negotiations have concluded within the parameters set by Executive, and the deal is ready to be concluded on this basis. As with any major property deal, there may be opportunities to further refine the offer, at the last minute, but only to the Council’s benefit. Any variations to the agreed price, will be reported to the Executive Members. |
| Other options considered (if any) | none |
| 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 | none |
| Who have you consulted as part of the decision making process | Strategic Finance – Paul Shout Legal Services – Andrew Perriman |
| Date of decision | 16 March 2020 |
| Service area | Growth & Place |
| Name of Delegated Officer making the decision - i | James Bromiley Kevin Parkes |
| Name of the Officer making the decision - If power has been sub-delegated to another officer | |
| Issue date:- | 17 March 2020 by Bernie Carr |
| Creation date:- | 17 March 2020 11:09:20 by Karen Sproston |
| Background paper/Impact Assessment | Town Centre aquisition delegated decision form (49K/bytes) |