Decision details

Acquisition of a Property within the Borough

Decision Maker: Executive

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider the acquisition of a property for part investment and part regeneration purposes

Decision:

That:

 

1)        the target property be acquired in line with the details contained within Part 2 of the report;

 

2)        the additional costs be funded, as detailed in Part 2 of the report, from other sources and not from the Investment Portfolio;

 

3)        all income from this property be reported through the Investment Portfolio.

Wards Affected: None Specific;

Declarations: None

Dispensations: None

Reference Number: WBC1110

Other reasons / organisations consulted

Lead members and ward members

Contact: Bernie Pich Email: bernie.pich@wokingham.gov.uk Tel: 0118 974 6700.

Report author: Bernie Pich

Publication date: 30/01/2020

Date of decision: 30/01/2020

Decided at meeting: 30/01/2020 - Executive

Effective from: 08/02/2020

Accompanying Documents: