1. That
this report be exempt from disclosure by virtue of the Local
Government Act 1972, Schedule 12A, Part 1, paragraph 1, in that it
contains information relating to an individual and paragraph 3 in
that it refers to the financial or business affairs of others
(including the authority holding that information).
2. That the
Cabinet Member for Finance, Property and Regeneration approved a
gross spend of up to the amount set out
in the report for the acquisition of freeholds as specified
in the report located in W2, London and that authority be delegated
to the Executive Director of Finance and Resources to conclude
negotiations in the best interest of the Council, including the
negotiation of all heads of terms and arranging for all legal
documentation in association with the purchase to be completed.
Reasons for
Decision
Recommendation to purchase a mixed use
investment to facilitate redevelopment in the area.