Bracknell Forest Council

Record of Decision

Work Programme Reference

I077738

<AI1>

1.			TITLE:	Commercial Property Investment Portfolio
2.		SERVICE AREA:			Delivery
3.		PURPOSE OF DECISION
To provide an update to the Executive Committee on properties purchased through the Council’s commercial property investment strategy [CPIS].
4		IS KEY DECISION					Yes
5.		DECISION MADE BY:					Executive Committee: Commercial Property
6.			DECISION:
RESOLVED that the Executive Committee notes the information and agrees that no further action is required at this point.
7.		REASON FOR DECISION
To enable the Executive Committee to monitor progress against the Council’s agreed CPIS target, aimed at securing an additional net £3m per year ( as shown in table 1 & 2 below) in revenue income to support front line services.
8.		ALTERNATIVE OPTIONS CONSIDERED
The option of undertaking further purchases has previously been considered by the Executive Committee and rejected.
9.	DOCUMENT CONSIDERED:							Report of the Director of Resources
10.	DECLARED CONFLICTS OF INTEREST:								No
Date Decision Made						Final Day of Call-in Period
27 April 2021						4 May 2021

</AI1>

<TRAILER_SECTION>

</TRAILER_SECTION>

<TITLE_ONLY_LAYOUT_SECTION>

FIELD_TITLE

</TITLE_ONLY_LAYOUT_SECTION>

<LAYOUT_SECTION>

1.			TITLE:	FIELD_TITLE
2.		SERVICE AREA:			FIELD_DEPARTMENT
3.		PURPOSE OF DECISION
FIELD_ISSUE_SUMMARY
4		IS KEY DECISION					FIELD_KEY
5.		DECISION MADE BY:					FIELD_DMTITLE
6.			DECISION:
FIELD_SUMMARY
7.		REASON FOR DECISION
FIELD_DECISION_REASON
8.		ALTERNATIVE OPTIONS CONSIDERED
FIELD_DECISION_OPTIONS
9.	DOCUMENT CONSIDERED:							Report of the FIELD_LEAD_DIRECTOR
10.	DECLARED CONFLICTS OF INTEREST:								FIELD_DECISION_OTHER2
Date Decision Made						Final Day of Call-in Period
FIELD_DATE_MADE						FIELD_CALLIN_EXPIRY

</LAYOUT_SECTION>