Decision details

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Agreement to acquire a property in High Wycombe Town Centre

Decision:

Buckinghamshire Council owned a number of assets around the High Wycombe town centre and railway station.  These assets were sites that could assist in the unlocking of regeneration of their respective areas through residential and commercial uses, specifically the Wye North Regeneration strategy (previously Eastern Quarter) which had been presented at HW Regeneration Board.

 

The proposed acquisition was a site adjacent to existing holdings which was in an area of the town where regeneration had been proposed and plans were being developed. The acquisition would enable a strategic and proactive approach to delivering a more comprehensive scheme than simply on existing council land.

 

RESOLVED –

 

(1)               That the Service Director for Property and Assets, in consultation with the Cabinet Member for Finance, Resources, Property and Assets, the Section 151 Officer and the Service Director for Legal and Democratic Services, to conclude negotiations, agree contracts, appoint consultants and undertake due diligence, arrange finance, exchange and complete on the freehold acquisition of Abbey Place, High Wycombe as set out in the Cabinet report and the confidential appendices.

(2)               That the Capital and Revenue budget changes associated with this acquisition be approved for inclusion in the MTFP.

Wards Affected: Abbey;

Details of any conflict of interest declared: None.

Contact: John Reed Email: John.Reed@buckinghamshire.gov.uk.

Report author: Jaswinder Boom

Publication date: 09/11/2021

Date of decision: 09/11/2021

Decided at meeting: 09/11/2021 - Cabinet

Effective from: 17/11/2021

Accompanying Documents: