Commercial Investment Strategy - Approval to Purchase CIS Investment
To consider a report by the Head of Resources.
Decision:
To approve the two recommendations in the item addendum relating to an investment in line with the Commercial Investment Strategy.
Minutes:
The Chairman announced that he proposed to admit the following urgent item in accordance with Section 100B (3) (b) of the Local Government Act 1972 given there was a need an urgent decision being required. Consideration was given to an exempt report by the Head of Resources, an addendum and appendices (copies of which are appended in the Annex to the Minute Book) concerning a proposed investment in line with the Council’s Commercial Investment Strategy. Permission for this urgent item had been granted by the Chairman of the Overview and Scrutiny Panel (Performance and Customers). Having considered the proposal and terms of investment and fully debated the matter, the Cabinet;
RESOLVED
that the Council’s investments as detailed in the report now submitted be approved in line with the Commercial Investment Strategy.