Bracknell Forest Council
Record of Decision
Work Programme Reference
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I077738 |
1. |
TITLE: |
Commercial Property Investment Portfolio
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2. |
SERVICE AREA: |
Delivery
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3. |
PURPOSE OF DECISION
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To provide an update to the Executive Committee on properties purchased through the Council’s commercial property investment strategy [CPIS].
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IS KEY DECISION |
Yes
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5. |
DECISION MADE BY: |
Executive Committee: Commercial Property
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6. |
DECISION:
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RESOLVED that the Executive Committee notes the information and agrees that no further action is required at this point.
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7. |
REASON FOR DECISION
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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.
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8. |
ALTERNATIVE OPTIONS CONSIDERED
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The option of undertaking further purchases has previously been considered by the Executive Committee and rejected.
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9. |
DOCUMENT CONSIDERED: |
Report of the Director of Resources
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10. |
DECLARED CONFLICTS OF INTEREST: |
No
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Date Decision Made |
Final Day of Call-in Period |
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27 April 2021 |
4 May 2021 |
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