Issue details

Decision type: Key

Reason Key: Revenue expenditure over £125,000 or Capital Expenditure over £310,000;

Decision status: For Determination

Wards affected: Holmewood and Heath;

Notice of proposed decision first published: 02/09/2025

This decision will be taken under urgency procedures.

Reason for urgency:
This report is urgent because it concerns a timely opportunity. Prompt decision-making is required to secure funding and progress the purchase. Any delay could risk losing the opportunity or negatively impact negotiations, making swift consideration essential.

Anticipated restriction: Fully exempt  - View reasons

Explanation of anticipated restriction:
The report is not for publication because it contains information relating to the financial or business affairs of the Council and Rykneld Homes Ltd. Disclosure of such details could potentially prejudice commercial interests or negotiations associated with the proposal.

Decision due: 27 Nov 2025 by Cabinet

Lead member: Leader of the Council & Portfolio Holder for Strategic Leadership and Finance

Lead director: Director of Finance and Resources (Section 151 Officer)

Contact: Director of Finance and Resources (Section 151 Officer).