Agenda item

·  Proposed Strategic Acquisition Strategy

·  Lease Slough Refugee Support, 28 Bath Road, Salt Hill Park

A) Proposed Strategic Acquisition Strategy

It was proposed by Councillor Ajaib,

Seconded by Councillor Munawar,

“(a)  That it be agreed that whilst strategic acquisitions will normally be made within the Borough of Slough, to reduce risk, maximise financial returns and widen the potential to create a more balanced portfolio is achieved by buying investments outside Slough.

(b)  That the scoring criteria associated with out-of-borough investment assets be amended.

(c)  That the Capital Programme for 2016/17 be amended to increase the existing budget by an additional £25m.” 

The recommendations were put to the vote and carried unanimously.

Resolved - 

(a)   That it be agreed that whilst strategic acquisitions will normally be made within the   Borough of Slough, to reduce risk, maximise financial returns and widen the potential to create a more balanced portfolio is achieved by buying investments outside Slough.

(b)   That the scoring criteria associated with out-of-borough investment assets be amended.

(c)   That the Capital Programme for 2016/17 be amended to increase the existing budget by an additional £25m.

B) Lease Slough Refugee Support, 28 Bath Road, Salt Hill Park

It was proposed by Councillor Ajaib,

Seconded by Councillor Munawar,

“That a lease agreement be entered into withSlough Refugee Support for 28 Bath Road, Salt Hill Park as set out in Paragraph 4(f)of the report.”

The recommendation was put to the vote and carried unanimously.

Resolved -  That a lease agreement be entered into with Slough Refugee Support for 28 Bath Road, Salt Hill Park as set out in Paragraph 4(f)of the report.