Issue details

20/00055 - Disposal of Land South of Four Elms Sevenoaks

Background

 

Subsequent to the previous disposal to the NHS trust for the construction of a medical hub, KCC is to dispose of the remaining balance of its Land South of Four Elms, Sevenoaks. The disposal is by way of Collaboration Agreement with the neighbouring landowner to jointly seek planning consent for residential-led redevelopment, promote, market and sell a combined site in pursuance of best value to a third party.

 

Proposed decision

 

In respect of Kent County Council owned land South of Four Elms in Sevenoaks to agree to authorise:

 

1.       the Director of Infrastructure in consultation with the Deputy Leader and Cabinet Member for Finance, Corporate and Traded Services, to enter into a Collaboration Agreement with the neighbouring landowner to promote, market and dispose of the site.

 

2.       the Director of Infrastructure to enter into the necessary contractual and land agreements required to implement 1 above.

 

Decision type: Key

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

Decision status: For Determination

Division affected: Sevenoaks Rural South;

Notice of proposed decision first published: 19/05/2020

Anticipated restriction: Part exempt  - View reasons

Decision due: Not before 17th Jun 2020 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: Deputy Leader and Cabinet Member for Finance, Corporate and Traded Services

Lead director: Rebecca Spore

Department: Strategic & Corporate Services

Contact: Alister Fawley (Tel: 07703289855).

Financial implications: The eventual sale of the property will result in a capital receipt for KCC which will be used to support the Council’s Capital Programme. Revenue costs are minimised due to the structuring of the Collaboration Agreement with consultant fees being initially fronted by the neighbouring landowner.

Legal implications: The Collaboration Agreement commits KCC to the eventual sale of the land. This decision specifically seeks consent to both the entering into the Collaboration Agreement and the eventual disposal of the site per the terms of the Collaboration Agreement.

Equalities implications: N/A