Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Acquisition of office accommodation for investment purposes
That it be recommended to Full Council
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(1) |
to approve the acquisition of the Council House, Saltergate from North East Derbyshire District Council; the land and property to be acquired shown edged in red on the plan attached to the report.
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(2)
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that the property be held as an investment property within the General Fund and potentially for regeneration purposes.
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(3) |
That an options paper on the future use of the site be presented to Cabinet within the next three months.
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(4) |
that a budget of £250,000 towards upgrade works be approved.
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(5) |
that the Procurement and Contract Law Manager and Chief Finance Officer be granted delegated approval to agree late amendments to the contract for purchase.
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(6) |
that the purchase of the property be subject to Kier undertaking a condition survey on behalf of Chesterfield Borough Council as part of the due diligence process leading to acquisition.
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(7) |
that the acquisition of the property be funded by a mix of prudential borrowing and capital receipts only. |
REASONS FOR DECISIONS
The acquisition and subsequent letting of the property will generate a rental income for the General Fund.
Additionally the Council will have control over the long term future of a prominent town centre site and building.
Other reasons / organisations consulted
Meetings
Contact: Linda Martin Email: linda.martin@chesterfield.gov.uk Tel: 01246 345445.
Report author: Linda Martin
Publication date: 16/12/2014
Date of decision: 16/12/2014
Decided at meeting: 16/12/2014 - Cabinet
Accompanying Documents: