Decision details
Oakhurst Business Park - Proposed Investment
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Decision:
RESOLVED
That Cabinet
i. Approve the proposed development of Oakhurst Phase 4, at a budget of £1.96m, funded from the £3m investment portfolio capital budget. The target completion date is Spring 2020, therefore the majority of the expenditure would be incurred in 2019/20.
ii. Delegate authority to the Director of Place to enter into a contract with the building contractor who submitted the lowest tender as set out in Appendix 1.
Reasons for Recommendations
For the Council to continue to expand the Council’s property investment portfolio, the income of which is used to support Council services.
Publication date: 26/07/2019
Date of decision: 25/07/2019
Decided at meeting: 25/07/2019 - Cabinet
Effective from: 06/08/2019
Accompanying Documents:
- 006 - Oakhurst Cabinet Report 27_6_2019 PDF 128 KB
- Restricted enclosure View reasons restricted