Proposed decision: Further to Decision No. 15/00109, to authorise the Director of Infrastructure, in consultation with the Cabinet Member for Corporate and Democratic Services, to progress with disposal of the identified sites as part of the East Kent Property Portfolio, and enter into any necessary agreements.
The acquisition and subsequent sale of the property will secure a capital receipt to fund the capital programme and is consistent with the principles of the Property Investment Fund.
Financial Implications: An allocation of funding already approved from the Property Investment Fund to allow acquisition of the property.
Legal Implications: KCC Legal Services have been and will continue to be fully involved throughout the proposed purchase and sale and the transaction will not be effected without their approval.
Equalities Implications: N/A
The Property Investment Fund is identified in the Medium Term Capital Programme
Decision type: Key
Reason Key: Expenditure or savings of more than £1m;
Decision status: Recommendations Approved
Notice of proposed decision first published: 25/07/2016
Anticipated restriction: Fully exempt - View reasons
Explanation of anticipated restriction:
the supporting paperwork wil contain commercially- sensitive information
Decision due: Not before 23rd Aug 2016 by Cabinet Member for Corporate and Democratic Services
Reason: in order that the proposed decision can be published for a minimum of 28 days, in accordance with statutory requirements
Lead director: Rebecca Spore
Department: Strategic & Corporate Services
Contact: Keith Hollidge, Development Consultant 07710 385288 Email: firstname.lastname@example.org.
The proposed decision was discussed and endorsed by the Property Sub-Committee at its meeting on 8 July 2016.
Financial implications: Keith Hollidge – Infrastructure Support Tel: 07710 – 385288 E-Mail: email@example.com
Legal implications: 16/00066