Sale of Investment Property
October 27, 2025 Property and Investments Executive Sub-Committee (Committee) Key decision Awaiting outcome View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to facilitate the sale of an investment property, the sub-committee agreed to exclude the public and press due to confidential financial information, approved recommendations in a confidential appendix, and delegated authority to the Executive Director to finalize the sale by March 31, 2026.
Full council record
Content
The Property and Investment Executive
Sub-Committee resolved to:
a.
Agree the case for passing a resolution under Schedule 12A of the
Local Government Act 1972 to exclude the press and public from the
meeting, on the basis that if they were present during the business
to be transacted there would be a likelihood of disclosure of
exempt information, within the meaning of Schedule 12A to the Local
Government Act 1972: Reason: Information relating to the
financial or business affairs of any particular person (including
the authority holding that information).
b.
Approve the recommendations set out in the confidential appendix
A.
c.
Delegate authority to make all necessary arrangements and
agreements to conclude the sale by the 31 March 2026 to the
Executive Director - Resources, Strategy & Transformation in
consultation with the Deputy Leader of the Council and Lead Member
for Resources and Performance.
Related Meeting
Extraordinary Meeting, Property and Investments Executive Sub-Committee - Monday, 27th October, 2025 10.00 am on October 27, 2025
Supporting Documents
Details
| Outcome | For Determination |
| Decision date | 27 Oct 2025 |