Issue - meetings

19/00058 - Strategic Acquisition & Disposal, Maidstone East

Meeting: 20/09/2019 - Policy and Resources Cabinet Committee (Item 190)

190 19/00058 - Maidstone East Development

Additional documents:

Minutes:

Mrs Spore (Director of Infrastructure) and Mr Dodd (Investment and Development Consultant) were in attendance for this item

 

(1)        Mr Hotson introduced this report which asked the Cabinet Committee to comment on the proposed decision by Cabinet to delegate authority to the Director of Infrastructure, in consultation with the Cabinet Member for Corporate and Democratic Services and the Cabinet Member of Finance, to finalise terms and enter into the necessary documentation to complete the transactions in line with the recommendations outlined in section 9.3 of the report.  Mrs Spore gave a presentation and answered Members’ questions. 

 

(2)        Mr Hotson noted the concerns aired by Members and undertook not to make a decision until after the heads of terms were made available to the Cabinet Committee.

 

(3)        RESOLVED that the proposed decision to delegate authority to the Director of Infrastructure, in consultation with the Cabinet Member for Corporate and Democratic Services and the Cabinet Member of Finance, to finalise terms and enter into the necessary documentation to complete the transactions in line with the recommendations outlined in section 9.3 of the report be endorsed subject to a further review by the Policy and Resources Cabinet Committee.