Issue details

19/00059 - Strategic Acquisition, Tonbridge & Malling

Proposed decision:

 

To consider the decision report for the acquisition of two properties and delegate authority to the Director of Infrastructure in consultation with the Cabinet Member for Corporate and Democratic Services, the Corporate Director for Finance and the Cabinet Member for Finance to finalise terms and enter into the necessary documentation to complete the property transactions.

 

 

 

Decision type: Key

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

Decision status: For Determination

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 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: Tom Porter-Williams 07703 469 032 Email: tom.porter-williams@kent.gov.uk.

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