Decision details

To delegate authority to the Corporate Director of Growth and Regeneration to purchase the freehold interest in Peterborough Registry Office.

With the approval of the Chairman of the Growth, Environment and Resources Scrutiny Committee Urgency, Special Urgency and waiver of call-in procedures have been invoked to suspend the requirement to advertise the decision for 28 days, publish the decision for 5 days prior to publication, and to suspend the 3 day call-in period.

This is because the Council has entered into an agreement with the vendor to complete the transaction within a strict timetable giving its exclusivity to acquire the property ‘’off market’’ with completion being on or before the date rent next becomes due which is 25 December 2017

Approval for the purchase of the freehold interest in the property as set out in the exempt annexe: and to delegate authority to the Corporate Director of Growth and Regeneration to approve the terms of the purchase and proceed to contract in consultation with the Cabinet Member for Resources

The reason for the recommendation is to speed up the acquisition process in order that the Council can take advantage of this opportunity to purchase a key property.

The alternative option is not to purchase the property, and this would be an option if it was decided the council did not wish to have the security of providing the service from this location for the long term future.

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