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