Investment - The decision will result in expenditure which is significant having regard to the budget for the service or function (currently defined by the Council as in excess of £1,000,000) as set out in the accompanying exempt report.
Decision type: Key
Reason Key: Expenditure or savings of more than £1m;
Decision status: Recommendations Approved
Division affected: Malling Rural East;
Notice of proposed decision first published: 03/09/2019
Anticipated restriction: Part exempt - View reasons
Explanation of anticipated restriction:
The purchase consideration and other financial information of a commercially sensitive nature will be contained in a separate report, exempt from publication under paragraph 3 of Schedule 12a of the Local Government Act 1972
Decision due: Not before 2nd Oct 2019 by Deputy Leader and Cabinet Member for Finance, Corporate and Traded Services
Reason: In order that the proposed decision can be published for a minimum of 28 days in accordance with statutory requirements
Lead member: Peter Oakford firstname.lastname@example.org
Lead director: Rebecca Spore
Department: Strategic & Corporate Services
Contact: Tom Porter-Williams, Head of Disposal and Investment Strategy 07703 469 032 Email: email@example.com.
The proposed decision was considered and endorsed by the Property Sub-Committee on 17 December 2019. The minute of the discussion is included on the signed record of decision.
Financial implications: There is a financial allocation in the Medium Term Financial Plan for a Property Investment Fund (PIF), which would be utilised to support the acquisition strategy.
Legal implications: None
Equalities implications: N/A although will be taken fully into account in the planning phase