Decision details

Purchase and leaseback of Cardiff Bus Workshop, Sloper Road, Cardiff.

Decision Maker: Director of Economic Development

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

Appendices 2, 3 and 4 of the report are not for publication as they contain exempt information of the description in paragraphs 14 and 21 of parts 4 and 5 of schedule 12A of the Local Government Act 1972.

 

Agreed: that the Council proceed with the acquisition of the freehold interest of the Cardiff Bus Workshop, Sloper Road and enter into a lease back transaction to Cardiff Bus

Reasons for the decision:

1.      The property provides an opportunity for the Council to generate a rental income for the Councils Investment Estate.

2.    The acquisition of this property provides strategic opportunity.

 

Publication date: 14/12/2018

Date of decision: 13/12/2018

Effeithiol O: 28/12/2018