Issue details

Sale of the freehold of the London Road Stadium and the Allia Business Centre - KEY/14OCT19/04

The attached report/background information is NOT FOR PUBLICATION in accordance with paragraph 3 of Schedule 12A of Part 1 of the Local Government Act 1972 in that it contains information relating to commercially sensitive information relating to the business affairs of the Council and Peterborough United Properties Limited. The public interest test has been applied to the information contained within the exempt annex and it is considered that the need to retain the information as exempt outweighs the public interest in disclosing it.

 

The Cabinet Member:

 

1.    Delegate authority to the Acting Corporate Director Resources to dispose of the land and buildings at London Road to Peterborough United Properties Limited.

2.    Delegated to the Director of Law and Governance the authority to finalise and put in place any agreements and legal documentation necessary to give effect to these proposals, in consultation with the Corporate Director of Growth and Regeneration and the Acting Corporate Director, Resources.

 

Decision type: Key

Reason Key: Expenditure or savings greater than £500,000;

Decision status: Awaiting Implementation

Wards affected: Fletton and Stanground;

Notice of proposed decision first published: 24/05/2019

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
The decision will include an exempt annexe. By virtue of paragraph 3, information relating to the financial or business affairs of any particular person (including the authority holding that information).

Decision due: Not before 23rd Mar 2020 by Cabinet Member for Finance

Lead member: Councillor David Seaton, Cabinet Member for Finance david.seaton@peterborough.gov.uk

Lead director: Acting Corporate Director Resources

Department: Place and Economy

Contact: Peter Carpenter, Acting Corporate Director Resources Tel: 07920160122; Email:  Peter.carpenter@peterborough.gov.uk  peter.carpenter@peterborough.gov.uk Tel: 07920 160122.

Consultation process

Relevant internal and external stakeholders.

 

Relevant Scrutiny Committee: Growth, Environment & Resources Scrutiny Committee

Decisions