Decision details

Update on the Council’s asset investments.

The Cabinet considered the report of the Deputy Chief Executive regarding the Council’s asset investment and disposals.

Visiting member, Councillor Smart addressed the Cabinet on this item.

The Chief Executive declared a prejudicial interest in this item and withdrew from the room whilst it was considered.

Resolved (key decision):

(1) The Cabinet noted the decision of the board of an associated company to approve a change of ownership.

(2) The Cabinet delegated authority to finalise arrangements on behalf of the council to the Deputy Chief Executive, in consultation with the Leader of the Council and Assistant Director for Legal and Democratic Services.

Reason for decision:

To ratify the decision of an associated company to a change of ownership.

Notes: (1) The report remains exempt. (2) Exempt information reason 3 – information relating to the financial orbusiness affairs of any particular person (including the authority holding that information). (3) All officer recommendations contained in the exempt report were unanimously approved.