There is an exempt annex attached to this report that is NOT FOR PUBLICATION by reason of paragraph 3 of Schedule 12A of Part 1 of the Local Government Act 1972 because it contains commercially sensitive information. The public interest test has been applied to the information contained within this exempt annex and it is considered that the need to retain the information as exempt outweighs the public interest in disclosing it. To release the business case for the acquisition with financial assessment would jeopardise negotiations which are ongoing.
The Cabinet Member for Housing Culture and Recreation and the Cabinet Member for Strategic Planning and Commercial Strategy and Investments:
1. Approved the freehold purchase of St Michael’s Gate at £13.38m – consisting of 72 properties used for temporary accommodation.
2. Approved the associated professional fees.
3. Approved the capital expenditure for upgrading the windows.
Decision type: Key
Reason Key: Expenditure or savings greater than £500,000;
Decision status: Recommendations Approved
Wards affected: East;
Notice of proposed decision first published: 30/08/2019
Anticipated restriction: Part exempt - View reasons
Explanation of anticipated restriction:
There is an exempt annex attached to this report that is NOT FOR PUBLICATION by reason of paragraph 3 of Schedule 12A of Part 1 of the Local Government Act 1972 because it contains commercially sensitive information. The public interest test has been applied to the information contained within this exempt annex and it is considered that the need to retain the information as exempt outweighs the public interest in disclosing it. To release the business case for the acquisition with financial assessment would jeopardise negotiations which are ongoing.
Decision due: Not before 8th Oct 2019 by Cabinet Member for Housing, Culture and Recreation
Decision due: Not before 8th Oct 2019 by Cabinet Member for Strategic Planning and Commercial Strategy and Investments
Lead member: Councillor Steve Allen, Deputy Leader of the Conservative Group steve.allen@peterborough.gov.uk Cabinet Member for Housing, Culture and Recreation
Lead director: Executive Director Corporate Services
Department: Corporate Services
Contact: Anthony Smith, Strategic Asset Management Surveyor Anthony Smith, Strategic Asset Management Surveyor, Email: anthony.smith@nps.co.uk Anthony Smith, Strategic Asset Management Surveyor, Email: anthony.smith@nps.co.uk.
Consultation process
Relevant Internal and External
Stakeholders
Relevant Scrutiny Committee: Adults and Communities Scrutiny Committee