Agenda item

Report from the Strategic Director for Regeneration and Environment.

Recommendations:

1.    That the Assistant Director for Planning, Regeneration and Transport be authorised to negotiate the acquisition by agreement of the property interests at exempt Appendix 1, in consultation with the Council’s Section 151 Officer and the Cabinet Member for Jobs and the Local Economy, and the Assistant Director of Legal Services be authorised to complete the necessary transactions.

2.    That Cabinet approve the use of funds including the £1m Strategic Acquisitions Fund to enable the Council to acquire properties as set out in exempt Appendix 1.

Consideration was given to the report submitted which set out the proposed use of the £1million Strategic Acquisitions Fund that was approved by Council in March 2023 as part of the Capital Programme.

The report also built upon the Strategic Acquisitions reports to Cabinet in March and September 2022 and sought the necessary approvals and delegations to enable the negotiation and subsequent acquisition of further third-party land and property as set out in exempt Appendix 1.

The recommendations were then proposed and seconded.

It was noted that Cabinet gave permission for funding to be used to purchase particular buildings or land, with the specifics being kept private for commercial sensitivity reasons, however, once those purchases were complete the information was published through the Officer Delegated Decision process.

Resolved: That Cabinet:

1.     Agreed that the Assistant Director for Planning, Regeneration and Transport be authorised to negotiate the acquisition by agreement of the property interests at exempt Appendix 1, in consultation with the Council’s Section 151 Officer and the Cabinet Member for Jobs and the Local Economy, and the Assistant Director of Legal Services be authorised to complete the necessary transactions.

2.     Approved the use of funds including the £1m Strategic Acquisitions Fund to enable the Council to acquire properties as set out in exempt Appendix 1.