Decision details
To enter into the new OxWED Limited Liability Partnership
Decision Maker: Officer Executive Decisions
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
OxWED is a 50/50 joint venture (JV) between Oxford City Council and Nuffield College. The objective of the partnership is to facilitate the redevelopment of the land off Oxpens Road, adjacent to the Ice Rink.
The current joint venture structure is due to be replaced by a new Limited Liability Partnership on 15 December 2021.
This decision will enable the Council to enter into a new Limited Liability Partnership on 15 December 2021.
Decision:
To enter into the transaction as approved by Cabinet in November 2021 and approve any amendments to the terms as set out in Exempt Appendix 1 – not for publication.
Reasons for the decision:
Please refer to November Cabinet Report.
Alternative options considered:
Please refer to November Cabinet Report.
Signed off by senior officers:
Bill Lewis, Financial Accounting Manager, in consultation with Susan Sale, Head of Law and Governance and Councillor Ed Turner Cabinet Member for Finance and Asset Management.
Publication date: 10/12/2021
Date of decision: 10/12/2021
Effective from: 15/12/2021
Accompanying Documents:
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