Decision details

Decision Maker: Deputy Chief Executive (Corporate Services)

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Supplemental to and in accordance with Cabinet decisions on 14 July 2017

Decision:

To proceed with the purchase of an investment property in central Clacton on Sea in accordance with Cabinet decisions on 14 July 2017 and following due diligence work but subject to receipt if the final version of the Building Survey Report. To secure revenue income in line with the Council's property investment policy.

Alternative options considered:

Alternative option considered to not purchase the property. Risk, Legal and Finance implications are set out in the Cabinet reports considered on 14 July 2017. Due diligence checks have now been completed and a summary of the report findings discussed with the Head of Property Services. The final version of the Building Survey Report will be available on 18 August 2017.

Publication date: 16/08/2017

Date of decision: 16/08/2017

Effective from: 24/08/2017

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