Issue - meetings

    Report by Executive Director, Alistair Cunningham.

Cllr Philip Whitehead, Cabinet Member for Finance, Procurement, ICT and Operational Assets presented the report seeking approval to vire £1.25m from the £10m commercial investment capital allocation and to agree to the acquisition of a property to meet operational service needs.

The Cabinet Heard from Cllr Thorn, Chairman of the Financial Planning Task Group, who confirmed that the Task group had considered the report and supported its contents and proposals.

Resolved: 

1.    To agree to vire up to £1.250 million from the £10 million commercial investment capital allocation in 2019/20 to fund a purchase of an industrial unit to meet operational service requirements.

2.    To delegate the decision to agree the purchase price to the Director for Housing and Commercial Development, in consultation with the Cabinet Member for Finance, Procurement, ICT and Operational Assets, and the Director for Finance and Procurement.

Reason for Decision:

To ensure the Council can provide accommodation that meets operational service needs and to enable rationalisation of the Council’s estate. To consider consolidation of other services into a new facility to accelerate the release of potential development sites and or site disposal.