Decision details

Moorbridge Road Industrial Units

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decisions:

The Portfolio Holder for Business and Economic Growth presented the report of the Executive Manager – Transformation providing an update on the Moorbridge Road Industrial Units.

 

It is RESOLVED that:

 

a)           the Council does not proceed with the purchase of new industrial units at Moorbridge Road, Bingham given the increasing cost and adverse impact on the rate of return; and

 

b)           the Council keeps any future opportunities to buy new industrial units at Moorbridge Road, Bingham under review, to be considered by the Asset Investment Group if the acquisition meets the appropriate investment criteria and thereafter approval be sought by Cabinet.

Report author: Leanne Ashmore

Publication date: 15/07/2020

Date of decision: 14/07/2020

Decided at meeting: 14/07/2020 - Cabinet

Accompanying Documents: