Former Library Headquarters (Springfield) Sandling Road, Maidstone, ME14 2LH
The Decision needed:
To seek approval to the disposal of the Former Library headquarters (Springfield), Maidstone following the marketing of the site. The site has been marketed and offers received, shortlisted and a preferred purchaser identified. In addition to delegate authority for the signing of legal agreements required to complete the sale of the property.
This decision relates to the Bold Steps for Kent in securing a capital receipt to fund the capital programme. The site will be re-developed and therefore provide an opportunity to build a strong relationship with key business sectors across Kent through the construction on the site. The future use of the development will have a positive impact on the local economy.
Impact/costs and risks of proposed decision
The impact of the decision will be that the receipt will be achieved as quickly as possible to ensure that the capital programme is delivered and minimise holding costs. Without the decision, KCC will be unable to respond to the offer in a timely fashion without losing the prospective purchaser. This will affect the delivery of the capital programme and will increase holding costs.
Decision type: Key
Decision status: Recommendations Approved
Notice of proposed decision first published: 14/01/2013
Reason for urgency:
Anticipated restriction: Fully exempt - View reasons
Explanation of anticipated restriction:
This item is exempt from publication owing to the inclusion of financial information and the commercial sensitivity of the purchase and contract award.
Decision due: Not before 1st Mar 2013 by Cabinet Member for Business Strategy, Performance & Health Reform
Lead member: Cabinet Member for Business Strategy, Performance & Health Reform
Lead director: David Cockburn
Department: Strategic & Corporate Services
KCC and TDC members
Roger Gough, Cabinet Member for Business Strategy, Performance and Health Reform and Dan Daley and Malcolm Robertson as Ward Members.
Financial implications: Rebecca Spore Director of Property & Infrastructure Support KCC Property & Infrastructure Support Sessions House, County Road Maidstone ME14 1XQ 01622 221151 email@example.com
Legal implications: 12/02032
Equalities implications: Financial criteria satisfied