Decision details

1.    Approval granted for the Council to purchase the land and buildings known as Victory Park, Duke Street, Chorley for the sim of £200,000 and the land and buildings known as Oak House. High Street, Chorley to include the former Converters site, High Street Chorley and other offices within that title for the sum of £2.05m. The total estimated cost of the purchase including stamp duty and land tax is £2.375m

2.    Approval granted that the Council approves the temporary use of prudential borrowing if the receipt from the sale of Southport Road is not received before the purchase of Victory Pak and Oak House.

3.    Delegated authority granted to the head of Legal, Democratic and HR Services to prepare the necessary legal documentation to complete the purchase.