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.
Decision type: Key
Reason Key: Expenditure or savings of more than £1m;
Decision status: Recommendations Approved
Division affected: Sevenoaks Rural South;
Notice of proposed decision first published: 19/05/2020
Anticipated restriction: Part exempt - View reasons
Decision due: Not before 7th Jul 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