Issue details

Investing in our Commercial Asset Portfolio

At the Cabinet meeting arranged for 27 March 2018, 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 type: Key

Reason Key: SE - Expenditure, Income or Savings > £100,000;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 22/03/2018

This decision will be taken under urgency procedures.

Decision due: 27 Mar 2018 by St Edmundsbury Cabinet

Lead member: Councillor Alaric Pugh alaric.pugh@westsuffolk.gov.uk

Contact: Julie Baird, Director (Planning and Growth) 01284 757613.

Type of Decision: (KD)

Documents to be submitted: Exempt Report to Cabinet.

Decisions

Agenda items