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Decision details
Commercial Property Purchases
Decision Maker: Cabinet
Decision status: Refused
Is Key decision?: Yes
Is subject to call in?: No
Decisions:
RESOLVED that the public be excluded from the meeting during the, consideration of the items of business listed below because it is likely that if members of the public were present there would be disclosure to them of “exempt” information as defined in the paragraphs of schedule 12A to the Local Government Act 1972 referred to in the relevant report.
Peter Grace Assistant Director Financial Services and Revenues presented a report to consider the potential purchase of a commercial property
Reasons for Recommendations:
The site presents significant employment opportunities within Hastings and St Leonards and likewise a significant Business Rate income. Whilst there may be opportunities to redevelop the site in future years the need to retain the site for employment space is a priority, as is the need to retain Business Rate income. There may also be the opportunity to modernise and develop some of the building in the medium term providing the Council with the opportunity to drive greater economic regeneration.
Councillors did not propose the recommendations of the report
Report author: Peter Grace
Publication date: 10/04/2019
Date of decision: 08/04/2019
Decided at meeting: 08/04/2019 - Cabinet
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