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  • Issue
  • Issue details

    Kings Hill - disposal of Areas 1, 12 and 63 (Phase 3)

    The series of land disposals will ensure continued regeneration and delivery of new homes, a significant proportion of which will be age related and assisted living units at Kings Hill, in line with various KCC Economic Development initiatives.

     

    Decision type: Key

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

    Decision status: Recommendations Approved

    Division affected: Malling Rural East;

    Notice of proposed decision first published: 20/12/2016

    This decision will be taken under urgency procedures.

    Reason for urgency:
    There is not time to undertake the normal statutory and local procedures in order to secure the sales for the three sites that have been identified. To do so at this point would put at risk the contractual negotiations and could result in the proposed purchasers withdrawing from the transactions which would be detrimental to KCC’s interest.

    Anticipated restriction: Part exempt  - View reasons

    Department: Strategic & Corporate Services

    Contact: Matt Hyland, Project Coordinator - East Kent Opportunities LLP 03000 417102; Email: Matt.hyland@kent.gov.uk Email: matt.hyland@kent.gov.uk.

    Consultees

    As this decision is taken under statutory procedures for urgency the Property Sub-Committee will not consider the matter before it is taken.  However it will receive a report to its next meeting on the circumstances and detail of the decision.  Furthermore another decision, which will cover all of phase 3 of the Kings Hill development, will be taken by the normal statutory and local procedures and will also be considered at the next a meeting of the Property Sub-Committee.  This meeting will be arranged for the new year.
    KCC’s Cabinet Member representatives for the Kings Hill Partnership discussed and agreed the Calibrated Land Disposal Strategy for Kings Hill at the Partner’s meeting on the 8th September 2016.

    Mr Balfour, Local Member, has been consulted in line with the Property Management Protocol he was satisfied with the detail of the decision and was particularly pleased about the “age related” block element.  He welcomed the opportunity to receive further information in the new-year.

    The Chairman and Group spokespeople of the property Sub-committee and the Group spokes people of the Scrutiny Committee have been informed of the intention to take an urgent decision and comments and questions were received from Mrs Dean, Mr King and Mr Latchford and where necessary officer responses returned.  These comments are set out in the report accompanying this decision

     

     

    Financial implications: Matt Hyland, Kings Hill Project Coordinator Economic Development 03000 417102 Matt.hyland@kent.gov.uk Rebecca Spore, Director of Infrastructure Strategic and Corporate Services 03000 416716 Rebecca.spore@kent.gov.uk

    Legal implications: 16/00149

    Equalities implications: Financial Implications: This decision has significant financial implications for KCC in Partnership with Liberty Property Trust. The outcome will bring significant early receipts that will enhance the prospects of financial distributions to both partners and improve the financial stability to implement future infrastructure for the remainder of the development. Legal Implications: not proceeding with this decision would have extensive legal implications in that KCC is required by the terms of the Development Agreement dated 18th January 1989 and various subsequent variations, to dispose of development land for development where agreed through the Kings Hill development partnership.

    Decisions

    Agenda items