Issue - meetings

Report of Director (Bicester)

Purpose of Report

The purpose of this report is to update on the due diligence process for the potential acquisition and redevelopment of Graven Hill.

Recommendations

The meeting is recommended:

1.1       To note the progress to date on due diligence.

1.2       To note the procurement process and timetable in relation to the proposed Fulfilment Centre.

Resolved

(1)          That the progress to date on due diligence be noted.

(2)          That the procurement process and timetable in relation to the proposed Fulfilment Centre be noted.

The Director (Bicester) submitted a report whichprovided an update on the due diligence process for the potential acquisition and redevelopment of Graven Hill.

At the discretion of the Chairman, Councillor Sibley addressed Executive.

Resolved

(1)          That the progress to date on due diligence be noted.

(2)          That the procurement process and timetable in relation to the proposed Fulfilment Centre be noted.

Reasons

This report is for information and provides an update on the due diligence process for the potential acquisition and redevelopment of Graven Hill.

Alternative Options

Option 1: To approve the recommendation

Option 2: To reject the recommendation