To consider the recommendation in Cabinet Minute 7 of the 7 June 2011 to make necessary amendments to the capital programme to allow the acquisition of Derriford Business Park.

Cabinet Member: The Deputy Leader

CMT Lead Officer: Director for Development and Regeneration

Councillor Fry (Cabinet member for Planning, Strategic Housing and Economic Development) submitted a report on the acquisition of Derriford Business Park) report and moved that City Council make the necessary amendments to the capital programme to allow the acquisition of Derriford Business Park.

The motion was seconded by Councillor Thompson.

Councillor Lowry proposed an amendment. The monitoring officer advised the council that debate on the amendment may lead to disclosure of exempt information and suggested that the council consider the amendment in Part II.

(see minute 28 below)

CMT Lead Officer: Director for Development and Regeneration

Councillor Fry (Cabinet Member for Planning, Strategic Housing and Economic Development) introduced the report and stated that Derriford is a growth area for the city and is good for investment purposes.

Agreed that –

            1.         the Cabinet recommend to Council the necessary amendment to the Capital Programme.