Issue details

Property Purchase

The Executive will be invited to consider the purchase of a strategic property in Stockport.

Decision type: Key

Reason Key: Disposal or aquisition of land >£500,000;

Decision status: Recommendations Approved

Notice of proposed decision first published: 19/06/2015

This decision will be taken under urgency procedures.

Reason for urgency:
The matter is urgent because the sale of the property is operating to a timetable outside of the control of the Council and the deadline by which an unconditional offer must be made is prior to the next programmed meeting. The reason that the decision cannot reasonably be delayed is that if the Council cannot make an unconditional offer, the property will be sold to another party and this is directly against the social and economic interests of the borough of Stockport, and potentially the community in which the property.

Anticipated restriction: Fully exempt  - View reasons

Explanation of anticipated restriction:
The publication of the information contained in the report and appendices may prejudice the Council in the negotiations over the purchase of the property in questions and this would therefore not be in the public interest to disclose it.

The reason that the decision cannot reasonably be delayed is that if the Council cannot make an unconditional offer, the property will be sold to another party and this is directly against the social and economic interests of the borough of Stockport, and potentially the community in which the property.

Decision due: 24 Jun 2015 by Executive

Lead member: Executive Councillor (Support & Governance)

Lead director: Corporate Director (Corporate and Support Services) and Deputy Chief Executive, Corporate Director (Place) and Deputy Chief Executive

Contact: Paul Lawrence, Services for Place Email: paul.lawrence@stockport.gov.uk Tel: 0161-474-4515.

Consultation process

All councillors

Equality and/or Environmental Impact Assessment: N/A

Relevant Scrutiny Committee for the purpose of call-in: Corporate, Resource Management & Governance

Decisions

Agenda items