Decision details

OD/15/27 Decision to Purchase Former Zest / Malthouse Nightclub, Princes Street, Ipswich

Decision Maker: Officer Decision

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Decision made to purchase Former Zest / Malthouse Nightclub, Princes Street

 

·         Opportunity for strategic purchase. The Council owns adjacent land.

·         Support the regeneration of Princes Street.

 

Background documents relevant to this are as follows;

Executive Committee Report “Establishment of the Property Acquisition Fund and Associated Procedures for its Use” (Ref No: E/12/11) approved by the Executive Committee 3rd July 2012 and extended by Executive Committee in September 2013 , and, Property Acquisition Fund Report and Justification Certificate 3 March 2015.

 

There were no alternative sites to consider.

 

There are no Crime & Disorder, Equality, Social Value in Contracts, HR, Legal, or ICT implications.

 

The Head of Finance has been consulted and funds for the purchase were available in the Property Acquisition Fund.

 

The site is located in Gipping ward.

Decision:

Decision made to purchase Former Zest / Malthouse Nightclub, Princes Street

 

·         Opportunity for strategic purchase. The Council owns adjacent land.

·         Support the regeneration of Princes Street.

Publication date: 28/09/2015

Date of decision: 04/09/2015

Accompanying Documents: