Issue - meetings

In accordance with Rule 16 (Special Urgency) of the Council’s Access to Information Procedure Rules, the Chairman is to report that he had agreed to an item being considered as a matter of urgency at the Cabinet meeting on 8th November 2018.

The Panel was informed that the Chairman of the Panel approved that an urgent item could be considered at Cabinet without prior Overview and Scrutiny.

To consider a report by the Head of Resources regarding a Commercial Investment Strategy Asset. (TO FOLLOW).

Approve the recommendations as contained within the submitted exempt report.

Due to the reasons as contained within the exempt report, the dates of future scheduled Cabinet meetings and an imminent decision being required, having obtained the agreement of the Chairman of the Overview and Scrutiny Panel (Performance and Growth), an item of business was considered under the Special Urgency Provisions - Section 16 of the Access to Information Procedure Rules, as contained in the Council’s Constitution, in accordance with Section 100B (4)(b) of the Local Government Act 1972.

A Special meeting of the Cabinet was required as had the decision been delayed to the next Cabinet meeting scheduled in November 2018, it would have been be too late and detrimental to the item of business.

The Cabinet gave consideration to an exempt report by the Head of Resources (a copy of which is appended in the Annex to the Minute Book) regarding the purchase of a Commercial Investment Strategy asset, as detailed within the submitted report.

The Cabinet fully debated the matter and were satisfied with responses provided by the Head of Resources and the Interim Commercial Estates Manager. Whereupon having commented on the risks and mitigations, the Cabinet

RESOLVED

to approve the recommendations as contained within the submitted exempt report.