Decision details

The Leader submitted a report reminding the Executive that, at its meeting held on 28 July 2015, it had agreed that a bid be made to reacquire the site detailed in the report now submitted (Minute 180 refers).

The bid authorised was subject to an upper ceiling as advised at the meeting held on 28 July 2015.

The Executive noted the outcome of the bidding process and the seller’s position with regard to the bids received.  For this reason, the meeting had been convened as a matter of urgency, in order that further consideration could be given to the issue.

In response to Members’ questions, the Director of Finance and Support Services confirmed the basis of the offer now detailed from the seller.  The Director also explained the intended funding methodology.

The Executive noted the timeline for completing the purchase of the site.

The Executive agreed to increase the offer price for the site by £50,000.  It also agreed to authorise the (Acting) Chief Executive/Director of Neighbourhood Services to negotiate and agree the form of contract and completion of the purchase.

           RESOLVED – that the offer price to purchase the site be increased by £50,000 and authority be delegated to the (Acting) Chief Executive/Director of Neighbourhood Services to negotiate and agree the form of contract and completion of the purchase.