Decision Maker: Eastbourne Borough Council Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To provide an update on the Council’s commercial undertakings and associated decisions as shareholder.
Cabinet agreed the principle of disposing of all or part of the council’s financial interests in the subject asset and gave the senior head of community delegated authority to negotiate the sale in consultation with the leader of the council and the council’s chief finance officer. A budget for legal work associated with the disposal was allocated.
Exempt information reasons: 3 - information relating to the financial or business affairs of any particular person (including the authority holding that information) and 5 (information in respect of which a claim to legal professional privilege could be maintained in legal proceedings).
Publication date: 04/02/2016
Date of decision: 03/02/2016
Decided at meeting: 03/02/2016 - Eastbourne Borough Council Cabinet
Accompanying Documents: