Decision details

Description:

This project is a new build to commercial specification on one third of a two acre site on Javelin Way, Henwood Industrial Estate, Ashford, to be fitted out with the appropriate level of technical equipment to service the needs of the Jasmin Vardimon Company. This will enable planned business growth to be achieved through a new business plan, the core of which will see the production of a large scale touring show every two years and expand the number of students enrolling on their education programmes.

The proposed development will look to incorporate an enabling development to deliver part of the funding for the capital costs of the project. A financial business case for this element of the project will be worked up for KCC to consider and it will cover off how KCC’s investment will be protected both during and after the development.

As Cabinet Member for Community and Regulatory Services I agree to:

·         Enter into legal agreements including, but not limited to, a Memorandum of Understanding and Collaboration Agreement with Jasmin Vardimon Company.

·         Authorise the Director of Infrastructure to enter into all necessary legal agreements for the construction of the enabling development and the Jasmin Vardimon Creative Laboratory.

·         Authorise the Director of Infrastructure to enter into all necessary legal agreements for the sale and/or lease of the enabling development units and/or the Jasmin Vardimon Creative Laboratory.

·         Permit the project subject to KCC’s VAT partial liability exemption position not being breached or in breach.