Issue - meetings

(Paragraph 3 - Information relating to the financial or business affairs of any particular person)

(MEC:1 )

Purpose:  Recommendation was received by the Property Investment Board from WBC’s appointed agent, Montagu Evans to progress to bid on a commercial property. The property has elements which fall outside the criteria of the Property Investment Strategy approved by the Council on 9th May 2017. PIB agreed, subject to Executive approval, to progress to bid for the acquisition of the property.

(Councillor  Jeanette Clifford declared an interest in Agenda Item 4, due to the fact that her husband’s employer owned a business on one of the industrial areas referred to on page 20 of the documentation. As her interest was a personal or an other registrable interest but not a disclosable pecuniary interest, she took part in the discussion and voted  on the matter).

(Paragraph 3 -Information relating to the financial or business affairs of any particular person)

The Executive considered an exempt report (Agenda Item 14) which sought approval to deviate from the Council’s Property Investment Strategy in order to submit an offer to purchase a property..

RESOLVED that the recommendations in the exempt report be agreed.

Reason for the decision: as outlined in the exempt report.

Other options considered: as outlined in the exempt report.