Transformation Project - Future of TOR2 Services
PDF 115 KBDecision Maker: Interim Chief Executive of Torbay Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
That Torbay Council does not purchase Kier Groups shares in TOR2 at this time to allow further due diligence to be undertaken.
Reasons for the decision:
To enable further due diligence to be undertaken. The Elected Mayor and Group Leaders will be kept updated as the due diligence continues
Alternative options considered:
No other alternatives/options have been considered regarding this decision at this time.
Implementation:
This decision will be implemented immediately.
Information:
The decision taken by full Council on Thursday 21 June 2018 authorised the Chief Executive to undertake a due diligence exercise to facilitate the possible acquisition of Kier Group’s shareholding in TOR2.
Interests and Nature of Interests Declared:
None.
Publication date: 20/11/2018
Date of decision: 20/11/2018
Contact Governance Support
- Email: governance.support@torbay.gov.uk
- Tel: 01803 207087
- Fax: 01803 207112
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