As Cabinet Member for Corporate and Democratic Services, I agree to:
1. Note the terms of the disposal proposed by the partnership attached in CONFIDENTIAL appendix B and the valuation attached in CONFIDENTIAL appendix C.
2. The Draw-down of land areas 10, 11 and 15 in accordance with the Kings Hill Partnership 1989 and subsequent agreements identified in appendix A of the report corresponding to this decision.
3. Delegate to the Director of Infrastructure, in consultation with the Head of Paid Service and General Counsel, the finalisation of the process for draw down in accordance with the provisions set out in the Kings Hill provisions within the Constitution’s Property Management Protocol and the Kings Hill Partnership Agreement.
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: 05/11/2018
Anticipated restriction: Part exempt - View reasons
Decision due: Not before 11th Dec 2018 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 member: Cabinet Member for Corporate and Democratic Services
Lead director: Rebecca Spore
Department: Strategic & Corporate Services
Contact: Matt Hyland, Project Coordinator - East Kent Opportunities LLP Matt Hyland - 03000 417102 Email: matt.hyland@kent.gov.uk.
Consultees
Consultation will be or has been undertaken with relevant Senior Officers and Members in accordance with The KCC Constitution (Property Management Protocol Paragraph 24).
The decision was considered at the Policy and Resources Cabinet Committee on 20 November 2018.
Financial implications: KCC’s share of the return from the partnership is reinvested into KCC’s service delivery to support the Medium Term Financial Plan.
Legal implications: The Kings Hill Development Agreement 1989 requires KCC to release the land to facilitate the partnership’s aims.
Equalities implications: N/A (Land draw down to Partnership)