Decision details

Entering a 5 year Leasing contract - Horticultural Equipment

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Decision Maker: Director (Finance & IT) & Section 151 Officer

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

In accordance with the treasury management practices adopted by full council in March 2024, a tender process was run by the Council’s treasury advisors Link Asset Services, to obtain lease financing to purchase horticultural assets. The Council is now in a position to award the contract to the preferred bidder as set out above.

Decision:

To award a contract to Triple Point Leasing Partners at a total value of £145,144.05 over 5 years, and that under Article 14.05 of the Council's Constitution this contract is to be awarded under seal.