Decision details

Approval to the Director of Infrastructure to progress with and enter into the necessary documentation to complete the disposal of the property in consultation with the Cabinet Member for Corporate and Democratic Services. The Decision will seek legal agreements to be actioned to complete the sale of the relevant properties.

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.

Financial Implications: Property holding costs will cease upon sale and capital receipts will be available to support the Council’s Medium Term Capital Programme

Legal Implications: N/A

Equality Implications: N/A

The need for capital receipts is outlined in the Medium Term Capital Programme

As Cabinet Member for Corporate and Democratic Services, I agree to the sale of the former Spires Academy, Bredlands Lane, Westbere, Canterbury, on the terms set out in the appended exempt report, and to delegate authority to the Director of Infrastructure, in consultation with the Cabinet Member for Corporate and Democratic Services, to finalise the selected purchaser and terms of the proposed sale.