Issue - meetings
Extensions to units at Oakhurst Business Park
Meeting: 28/01/2021 - Cabinet (Item 62)
Extensions to units at Oakhurst Business Park
To receive a report from the Cabinet Member for Finance & Assets
Decision:
RESOLVED
To delegate to the Director of Place in consultation with the Cabinet Member for Finance & Assets the approval of the detail of the transaction provided that the capital requirement does not exceed the approved parameters.
REASON
The recommendation will allow the final decision to be confirmed when the floor areas and final rents have been agreed, provided that they are within the approved parameters.
Minutes:
The Cabinet Member for Finance & Assets introduced the report, which sought approval for the extension of two units at Oakhurst Business Park, Southwater, which were let by the Council. It was noted that if approved by Cabinet, the extensions would require ecological surveys and planning permission.
Because of its relatively complex nature, it was proposed that the details of the transaction be delegated to the Director of Place in consultation with the Cabinet Member.
RESOLVED
To delegate to the Director of Place in consultation with the Cabinet Member for Finance & Assets the approval of the detail of the transaction provided that the capital requirement does not exceed the approved parameters.
REASON
The recommendation will allow the final decision to be confirmed when the floor areas and final rents have been agreed, provided that they are within the approved parameters.