Issue - decisions
Establishing an investment budget for a strategic commercial property acquisition
28/09/2018 - Establishing an Investment Budget for a Strategic Commercial Property Acquisition
Resolved: That authority be delegated to the Corporate Director of Economy & Place to complete the purchase of the freehold interest in the commercial property assets in the Swinegate area identified in exempt Annex A to the report, once all due diligence is satisfactorily conducted on the assets.
Reason: To ensure the ongoing economic vibrancy of the city centre while increasing the income from the council’s commercial property portfolio in line with budget targets.