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  • Issue
  • Issue details

    19/00059 - Strategic Acquisition, Tonbridge & Malling

    Investment - The decision will result in expenditure which is significant having regard to the budget for the service or function (currently defined by the Council as in excess of £1,000,000) as set out in the accompanying exempt report.

     

     

     

    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: 03/09/2019

    Anticipated restriction: Part exempt  - View reasons

    Explanation of anticipated restriction:
    The purchase consideration and other financial information of a commercially sensitive nature will be contained in a separate report, exempt from publication under paragraph 3 of Schedule 12a of the Local Government Act 1972

    Decision due: Not before 2nd Oct 2019 by Deputy Leader and Cabinet Member for Finance, Corporate and Traded Services
    Reason: In order that the proposed decision can be published for a minimum of 28 days in accordance with statutory requirements

    Lead member: Peter Oakford peter.oakford@kent.gov.uk

    Lead director: Rebecca Spore

    Department: Strategic & Corporate Services

    Contact: Tom Porter-Williams, Head of Disposal and Investment Strategy 07703 469 032 Email: tom.porter-williams@kent.gov.uk.

    Consultees

    The proposed decision was considered and endorsed by the Property Sub-Committee on 17 December 2019.  The minute of the discussion is included on the signed record of decision.  

    Financial implications: There is a financial allocation in the Medium Term Financial Plan for a Property Investment Fund (PIF), which would be utilised to support the acquisition strategy.

    Legal implications: None

    Equalities implications: N/A although will be taken fully into account in the planning phase

    Decisions

    Agenda items