Issue details

Strategic Acquisition, Maidstone

To seek the agreement of the Cabinet Member to proceed with the acquisition of a strategic site in Maidstone.

Decision type: Key

Reason Key: Expenditure or savings of more than £1m;

Decision status: Recommendations Approved

Notice of proposed decision first published: 15/07/2015

Anticipated restriction: Fully exempt  - View reasons

Explanation of anticipated restriction:
It is expected that except for a brief covering report all documentation relating to the decision will be exempt from publication.

Decision due: September 2015 by Cabinet Member for Corporate and Democratic Services
Reason: In order that the proposed decision can comply with statutory requirements on publication and be considered by the relevant Cabinet Committee (Sub-Committee) before being taken by thye Cabinet Member

To seek the agreement of the Cabinet Member to proceed with the acquisition of a strategic site in Maidstone

Lead director: Rebecca Spore

Contact: 03000 416 032 Email:


The proposed decision will be discussed at a meeting of the Property Sub-Committee, to be arranged, before being taken by the Cabinet Member.

Financial implications: Lead officer: Simon Dodd, Development & Disposal Surveyor Property & Infrastructure Support Tel: 03000 416 032 Email: Lead Director: Rebecca Spore, Director of Infrastructure, Strategic and Corporate Services Tel: 03000 416716 Email:

Legal implications: 15/00069

Equalities implications: Financial Implications: There is already a financial allocation in the Medium Term Financial Plan for the establishment of a Property Investment Fund, which would be utilised to support the acquisition strategy. A holding strategy would be put in place to manage the property in the short term. Legal Implications: It is proposed that this property will be acquired jointly with Maidstone Borough Council, and appropriate legal agreements will be put in place. Equality Implications: Not applicable

Agenda items