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RESOLVED: that Cabinet noted
the decisions taken by the Deputy Leader of the Council set out at
Appendix A and Appendix B.
 
 
REASONS RESOLVED:
Where decisions that would
otherwise be taken by the Leader and Cabinet have been taken by the
Leader alone, in the interests of transparency, the decision is
reported to the next available meeting of the Council.
 
The decision taken provided the
authority for the Council to:
a) establish a capital budget
of £3.3m for the purchase of the Former Bus Depot land and
buildings at St James, Northampton
 
b) approve the acquisition of
the Former Bus Depot for the delivery of a regeneration
scheme.
 
Full reasons for the decision
taken are set out in the decision records appended to this
report.
 
ALTERNATIVE OPTIONS:
Alternative decision to not
proceed with the acquisition would mean that the site would be
likely sold to a developer who could land bank the site or could
bring forward low-grade uses. Given the challenges of the site, it
is also possible that the site could continue to sit vacant adding
to the negative perception of the town centre and
beyond.