Approval is sought 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. The Decision also seeks for legal agreements to be actioned to complete the sales of the relevant properties.
The 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 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: Tonbridge;
Notice of proposed decision first published: 19/05/2014
Anticipated restriction: Part exempt - View reasons
Explanation of anticipated restriction:
It is likely that the financial information relating to the disposal of the site will be exempt from publication because of the commercially sensitive nature of the information
Department: Strategic & Corporate Services
Contact: Rebecca Spore, Director of Infrastructure 01622 221151 Email: firstname.lastname@example.org Tel: 01622 221151.
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.
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
Financial implications: Rebecca Spore Director of Property and Infrastructure Support 01622 221151 email@example.com
Legal implications: 14/00067