Decision details

Investing in Our Commercial Asset Portfolio (para 3)

Decision Maker: Forest Heath Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

An Extraordinary Cabinet meeting has been arranged, where Members will be asked to consider an exempt report containing details of a potential purchase of a property as an investment in the Council’s commercial asset portfolio, before making a decision in private session.

 

As this is the intention and given the urgency of the matter which is not only commercially sensitive, but time critical it is intended that the Cabinet decision should be exempted from the Call-in procedure.

 

As provided for under Part 4 of the Constitution under the Overview and Scrutiny Rules paragraph 14.4, the Chairman of the Overview and Scrutiny Committee has agreed both that the decision proposed is reasonable in all the circumstances and to it being treated as a matter of urgency.

 

Moreover given the timeframe that is being worked to it has also not been possible to provide for 28 days notice of the decision. Under the Access to Information Procedure Rules of the Constitution, paragraphs 17.1 and 17.2 relates to a key decision and matters being taken in private, and requires that where the normal procedure cannot be followed, the agreement of the Chairman of the Overview and Scrutiny Committee that the taking of the decision cannot be reasonably deferred is required, and has been given accordingly.

Decision:

RESOLVED:

That:

 

The decision is contained in the exempt version of this Decisions Notice.

 

(This decision and associated papers will be available in the public domain in due course)

Reasons for the decision:

The reasons for the decision are contained in the exempt version of this Decisions Notice.

 

(The reasons for the decision will be available in the public domain in due course)

Alternative options considered:

Other options considered and reasons for rejection are contained in the exempt version of this Decisions Notice.

 

(Other options considered and reasons for rejection will be available in the public domain in due course)

Report author: Davina Howes

Publication date: 15/03/2018

Date of decision: 13/03/2018

Decided at meeting: 13/03/2018 - Forest Heath Cabinet

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