Issue details

Exercise of Chief Executive's Delegation - Ashford International Development Company

To approve the Council’s purchase of 65% of the company to be registered and known as Ashford International Development Company, currently referred to as the New Town Works Company.
Exercise of Chief Executive's delegation granted at the Cabinet Meeting on 27th January 2022 - Minute No 259(iii)/1/22 refers.
(iii)responsibility for finalising the deal and sign-off be delegated to the Chief Executive, in consultation with the Executive Leader, subject to satisfactory oversight of a Due Diligence Working Group which will include the Chair of Overview and Scrutiny and the Portfolio Holders for Finance and IT and Regeneration and Corporate Property.

Decision type: Key

Reason Key: Expenditure > £500,000;

Decision status: For Determination

Notice of proposed decision first published: 11/05/2022

Decision due: 11 May 2022 by Chief Executive

Contact: Tracey Kerly, Chief Executive Officer Email: Email: Tel: 01233 330201.


Background papers