Issue details

Decision type: Key

Reason Key: Expenditure > £250,000;

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 08/02/2018

This decision will be taken under urgency procedures.

Reason for urgency:
• Due to ongoing neogitations regarding the proposed terms, it was not practical to seek approval until final terms were agreed which were acceptable to both the Landlord and West Midlands Pension Fund.
• Approval to proceed is urgently requested to secure a longer term future for West Midlands Pension Fund in their exisiting premises as one of their leases is to due to expire on 30th June 2018.
• Approval will also enable them to be in a position to grant a sub-lease to the Local Governement Pension Scheme on their planned occupation date of 1st April 2018.

Anticipated restriction: Fully Exempt  - View reasons

Decision due: 27 Feb 2018 by Cabinet (Resources) Panel

Lead member: Deputy Leader: City Housing

Lead director: Tim Johnson, Chief Executive

Department: Place

Contact: Mitchell Spencer, Estates Officer Email: mitchell.spencer@wolverhampton.gov.uk.