Decision details

*Strategic Regeneration Acquisitions - land in South Kesteven

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Information relating to this decision is exempt under paragraph 3 of Schedule 12A of the Local Government Act 1972 as amended because it contains information which relates to the financial or business affairs of an individual or organisation

Decision:

Decision:

 

Cabinet authorises the acquisition of a parcel of land in the South Kesteven area (a) subject to contract, satisfactory replies to searches and enquiries and to the terms negotiated; and (b) subject to approval by Council of the necessary budget allocation.

 

Considerations/reasons for decision

 

1.    Report number PD0095 of the Deputy Leader of the Council and the exempt appendices to the report

2.    The Council’s growth ambitions and the strategic importance of the site

3.    Recommendations for financing the acquisition of the site and associated arrangements set out in the Council’s Treasury Management Strategy and prudential indicators

4.    Section 1 of the Localism Act 2011 and Section 111 of the Local Government Act 1972

5.    Support of the proposal by the relevant Ward members

 

Other options considered and assessed

 

·         Consideration has been given to not purchasing the site in question. However, in order to promote sustainable economic development in the area, this is regarded as an essential site.

Report author: Paul Thomas

Publication date: 07/09/2018

Date of decision: 06/09/2018

Decided at meeting: 06/09/2018 - Cabinet

Accompanying Documents: