Decision details
Oxpens Delivery Strategy - confidential appendices
Decision Maker: City Executive Board (became Cabinet on 13 May 2019)
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
This report seeks agreement from the City Executive Board to ask Council to approve:
1. A £100K investment to Oxford West End Development Ltd to provide working capital on the terms contained within the shareholders agreement
2. An investment of £4million in Oxford West End Development Ltd to provide funds to the Company to purchase land owned by Oxford City Council
3. To provide a capital budget of £4million in the Council’s General Fund Capital Programme in 2017/18 funded from the Capital Receipt received from the sale of the land.
Decisions:
The Board received and noted the contents of the not for publication appendices and to the report on Oxpens Delivery Strategy (agenda item 7; minute 151) and the presentation from the Executive Director, Regeneration and Housing.
Publication date: 15/01/2016
Date of decision: 14/01/2016
Decided at meeting: 14/01/2016 - City Executive Board (became Cabinet on 13 May 2019)
Effective from: 20/01/2016