Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Proposed decision: That the property be sold, in line with the heads of terms agreed with a preferred bidder.
In the event of the deal with the preferred bidder proving abortive, for any reason, that authority be delegated to the Director of Infrastructure, in consultation with the Cabinet Member for Corporate and Democratic Services, to select a new purchaser from the underbidders and agree terms of the proposed sale in line with S.123 requirements.
How the decision relates to BS4K and Corporate Objectives: Securing a capital receipt to fund the capital programme and to streamline the Council’s property portfolio to achieve financial and efficiency benefits in line with appropriate policy.
As Cabinet Member for Corporate and Democratic Services, I agree to the sale of land at Dumpton Park Drive (adjacent to Holy Trinity Primary School), Broadstairs, and give authority to the Director of Infrastructure to finalise the terms of the proposed sale, in consultation with the Cabinet Member for Corporate and Democratic Services.
Publication date: 09/06/2016
Date of decision: 09/06/2016
Effective from: 17/06/2016