Issue - meetings

To consider and either endorse or make recommendations on the Cabinet Member’s proposed decision

(1)       Mr Cooke (Cabinet Member for Corporate and Democratic Services) introduced the report which considered the proposed disposal of five leasehold interests for 125 years at market value for all units in the Nautical Mews development in Cliftonville as part of the Live Margate regeneration programme.  The report also asked the Property Sub-Committee to consider and either endorse or make recommendations on the Cabinet Member’s proposed decision.

(2)       Peter Smith (Assistant Asset Management Surveyor) gave a short history of the site and described how the proposed decision would contribute to the Live Margate regeneration programme.  He also circulated a proposed site plan.

(3)       Mark Cheverton (Property Fund Manager) confirmed that in accordance with the Council’s constitution the proposed decision should be taken by the Cabinet Member for Corporate and Democratic Services. 

(4)       Resolved:

(a)       That the Cabinet Member’s proposed decision to agree the disposal of five leasehold interests in the terms set out in the exempt report and to delegate authority to the Director of Property and Infrastructure Support to adjust the final terms, if necessary, to conclude the transaction, be endorsed;

(b)       That a report on the Live Margate regeneration programme be considered at the Policy and Resources Cabinet Committee on 22 April 2015.