Issue details

Issue details

To increase the budget for the purchase of shares in the OxWED Limited Liability Partnership.

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 type: Non-key

Decision status: Recommendations Approved

Wards affected: Carfax & Jericho;

Notice of proposed decision first published: 07/10/2021

Anticipated restriction: Part exempt  -

Decision due: 10 Nov 2021 by Cabinet

Decision due: 29 Nov 2021 by Council

Decision due: 10 Dec 2021 by Officer Executive Decisions

Decision due: 14 Dec 2021 by Chief Executive

Decision due: Before 31 Mar 2022 by Head of Financial Services

Considered on: 29 Nov 2021 by Council

Lead member: Deputy Leader (Statutory) - Finance and Asset Management

Lead director: Head of Financial Services

Department: Corporate Property dept

Contact: Emma Gubbins, Senior Estates Surveyor Email: egubbins@oxford.gov.uk Nigel Kennedy, Head of Financial Services Email: nkennedy@oxford.gov.uk Tel: 01865 252708.

Reason date could change: Provisional: Decision reliant on another action or process

Is the date subject to change: No

Decisions

Agenda items