106 Urgent Business: Land in Banbury - Land Acquisition
Additional documents:
Decision:
Resolved
(1) That the acquisition of the premises shown on the plan (exempt annex to the Minutes as set out in the Minute Book) subject to contract and the inclusion of the costs (as set out in the exempt annex to the Minutes as set out in the Minute Book) in the Capital Programme be approved and also subject to the Chief Finance Officer in consultation with the Lead Member for Financial Management confirming that the acquisition is financially prudent following receipt of the independent Red Book valuation report.
(2) That the Commercial Director be given delegated authority to negotiate and finalise the terms for the acquisition in consultation with the Lead Member, the Chief Finance Officer and the Head of Law and Governance.
Minutes:
The Commercial Director submitted an exempt report which sought consideration of the acquisition of land in Banbury.
Resolved
(1) That the acquisition of the premises shown on the plan (exempt annex to the Minutes as set out in the Minute Book) subject to contract and the inclusion of the costs (as set out in the exempt annex to the Minutes as set out in the Minute Book) in the Capital Programme be approved and also subject to the Chief Finance Officer in consultation with the Lead Member for Financial Management confirming that the acquisition is financially prudent following receipt of the independent Red Book valuation report.
(2) That the Commercial Director be given delegated authority to negotiate and finalise the terms for the acquisition in consultation with the Lead Member, the Chief Finance Officer and the Head of Law and Governance.