To obtain approval for the Director of Property and Infrastructure Support 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.
This decision relates to the Bold Steps for Kent in securing a capital receipt to fund the capital programme and to streamline the Council’s property portfolio in order to achieve financial and efficiency benefits in line with the appropriate property policy.
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 offers 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
Reason Key: Expenditure or savings of more than £1m;
Decision status: Recommendations Approved
Division affected: Maidstone Central;
Notice of proposed decision first published: 19/05/2014
Anticipated restriction: Part exempt - View reasons
Explanation of anticipated restriction:
It is likley that the financial information relating to the sale will be exempt from publication because of its commercial sensitivity.
Department: Strategic & Corporate Services
Contact: Rebecca Spore, Director of Infrastructure 01622 221151 Email: rebecca.spore@kent.gov.uk Tel: 01622 221151.
Consultees
The proposed decision will be published to all members and comments sought prior to the Cabinet Member for Corporate and Democratic Services taking the decision. The Policy and Resources Cabinet Committee will receive a report setting out the details of the decision.
Financial implications: Rebecca Spore Director of Property and Infrastructure Support 01622 221151 rebecca.spore@kent.gov.uk
Legal implications: 14/00063
Equalities implications: Expenditure of more than £1million