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: