Decision Details

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This section allows you to view the general details of a Decision

Details

Status:
Implemented
Title:
Purchase of headlease of car park site at Mackadown Lane, Birmingham
Include item on Forward Plan/ Key Decision
No
Reference:
007296/2019
Urgent Decision - Not in Forward Plan
No
Details for Agenda Sheet

Report of Interim Director; Inclusive Growth - Ian MacLeod

Interim Chief Finance Officer - Rebecca Hellard

Interim City Solicitor - Suzanne Dodd

Implementation Date (not before meeting on)
Mon 23 Dec 2019
Purpose
This report seeks the authorisation to complete the purchase of the headlease interest of the site at Mackadown Lane, Birmingham - see plan at appendix 1.  The City Council owns the freehold interest in the site.
Key Portfolio
Leader
Decision Maker
Cabinet Member and Chief Officer
Chief Officer Decision Maker
Reason For Key Decision
Relevant Documents
Decision Type:
Portfolio
Decision Maker:
Councillor Ian Ward
Directorate
Inclusive Growth
Other Information
Private Reason
Decision Outcome

On 23 December 2019, the Leader and Cabinet Member Finance and Resources:

  1. Approved the Full Business Case for the acquisition as set out in Exempt Private Appendix 6d.

  2. Approved the purchase of the head lease interest in the subject site as an investment acquisition for the amount set out in the attached Exempt Private Appendix 6c.

  3. Approved the release of a temporary bridging loan for the amount set out in Exempt Private Appendix 6c.

  4. Authorised the City Solicitor to negotiate, execute and complete all necessary legal documents to give effect to the acquisition.

THE DEADLINE FOR CALL-IN IS 1600 HOURS ON MONDAY 30TH DECEMBER 2019.

Is the Decision Maker Aware of the Decision:
No
Is the Head of Services Aware of the Decision:
No
Is Decision County Wide:
No
Would the recommended decision be contrary to the budget and policy framework:
No
Decision Options:

Additional Information

Reg 10
Reg 11

Decision Criteria

This Decision does not contain any decision criteria records.

Wards

Garretts Green

Topics

This Decision does not contain any Topic records

Overview and Scrutiny

Economy and Skills Overview and Scrutiny Committee
Resources Overview and Scrutiny Committee

This section allows you to view the reports for the Decision.

Reports

  1. pdf Mackadown Cabinet Report final (132Kb)
    1. pdf Appendix 1 - Site Plan (312Kb)
    2. pdf Appendix 2 - Investment Decision Matrix (108Kb)
    3. pdf Appendix 3 - Equality Assessment (41Kb)
    4. pdf Appendix 4 - Checklist on guidance (139Kb)
    5. pdf Appendix 5 - Credit ratings (117Kb)
    6. pdf Exempt Appendix 6 cover sheet - Private Report
    7. pdf Exempt Appendix 6a - Valuation and Recommendation Report PRIVATE - Private Report
    8. pdf Exempt Appendix 6b - Schedule of leases - Private Report
    9. pdf Exempt Appendix 6c Financials - Private Report
    10. pdf Exempt Appendix 6d - Full Business Case - Private Report

This section displays the history of the Decision.

Decision History

Date & Time CreatedUser Full NameStatus DescriptionDetails
12
 Page 1 of 2, items 1 to 10 of 13.
23/12/2019 10:28:31Wendy HillBusiness Item Created 
23/12/2019 10:29:03Wendy HillWard AddedGarretts Green
23/12/2019 10:30:15Wendy HillContacts Edited 
23/12/2019 10:30:41Wendy HillOS Committee AddedEconomy and Skills Overview and Scrutiny Committee
23/12/2019 10:30:41Wendy HillOS Committee AddedResources Overview and Scrutiny Committee
23/12/2019 10:31:45Wendy HillCommittee AddedCabinet Member and Chief Officer
23/12/2019 10:31:45Wendy HillMeeting Added23/12/2019 12:00AM
23/12/2019 10:32:41Wendy HillReport AddedDocument ID 166756: Mackadown Cabinet Report final
23/12/2019 10:50:51Wendy HillStatus ChangedDecision Proposed [2]
23/12/2019 11:13:40Wendy HillGeneral Details Edited 

Approval/Comments

No history found.