Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Acquisition of the ‘East Kent Property Portfolio’ will support the Council’s Medium Term Financial Plan and the objectives of the Property Investment Fund. The transaction will maintain front-line health service delivery, where properties are occupied by tenants, and enable land to be released for development.
As Cabinet Member for Corporate & Democratic Services, I authorise the Director of Infrastructure, in consultation with the Corporate Director of Finance and myself, to:
1. Proceed with the acquisition of the East Kent Property Portfolio at an appropriate value, within the requirements of the Property Investment Fund;
2. Finalise the terms of the transaction; and
3. Enter into any necessary documents to effect the acquisition.
Publication date: 16/12/2015
Date of decision: 16/12/2015
Effective from: 24/12/2015