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The Board received and noted the contents of the not for publication appendices and to the report on Oxpens Delivery Strategy (agenda item 7; minute 151) and the presentation from the Executive Director, Regeneration and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

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