From the archives. Full Council DDC 30 November 2016.
Almost 100% support! (Says Cassandra
)
The Director of Finance, Housing and Community presented the report on the Property Investment Strategy.
It was moved by Councillor M D Conolly, duly seconded and
RESOLVED: (a) That a supplementary capital budget of £200 million, for the acquisition of commercial and residential assets for the economic regeneration and well-being of the district and for investment purposes, be approved.
(b) That a supplementary revenue budget of £200,000 from the Regeneration Reserve, for the use of appropriate external professional support to establish a framework and assist with acquiring properties, be approved.
(c) That the implementation of the Investment Property Strategy, and the investment strategy criteria set out at Appendix 1 of the report, be adopted.
(Councillor D Hannent requested that his abstention from voting be recorded in accordance with Council Procedure Rule 18.5)
(Councillor R J Frost requested that his vote against be recorded in accordance with Council Procedure Rule 18.5)