Issue details
Purchase of residential high rise block by i4B
We have now agreed a price and received the heads of terms from Quinatin, we now need approval from cabinet to go ahead with the deal before the director of property can enter into negotiations on our behalf.
Decision deferred: from September 2019 to October 2019 Cabinet.
Reason for deferral: To allow further review.
Decision type: Key
Reason Key: Signficant expenditure/savings of £500k or more;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 05/08/2019
Anticipated restriction: Fully exempt - View reasons
Explanation of anticipated restriction:
There is reference to aspects of how the company is funded, and also parts of the Heads of Terms which we may want to exemptm
Decision due: 14 Oct 2019 by Cabinet
Lead member: Deputy Leader and Cabinet Member for Finance, Resources and Reform
Lead director: Strategic Director - Customer and Digital Services
Department: Performance, Policy and Partnerships
Contact: Craig Lane, Strategy and Delivery Lead Email: Craig.Lane@brent.gov.uk.
Decisions
Agenda items
- 14/10/2019 - Cabinet Financing Purchase of Residential Block by i4B or First Wave Housing 14/10/2019
Documents
- Purchase of Quintain block by i4B