The Approval will delegate to the Director of
Property & Infrastructure Support, the final terms for disposal
of land and grant of leases to allow private sector, private rented
and social housing on a number of sites in Kent.
How the decision relates to BS4K and Corporate Objectives
This decision meets a number of the 16 priorities in delivering
Bold Steps including providing housing growth that is affordable,
sustainable and with the appropriate infrastructure by using
KCC’s surplus assets to deliver this when there is market
uncertainty with the delivery of new housing stock in Kent. The
organisation will also be helping to work with district partners to
deliver housing regeneration and mixed tenure housing in different
parts of the county and this is a key part of Bold Steps for
Housing strategy. The proposal will provide construction jobs for
key businesses in Kent including SME.
Impact/costs and risks of proposed decision
The impact, costs and risks will be set out for each site in the
Decision report and outline the disposal price plus also the rental
income that is being secured. The report will outline the final
deal to be agreed and there are risks associated with the potential
purchasers being affected by the current restrictions on bank
funding for some construction projects. The deal will also involve
planning permission for housing on sites being obtained and there
are risks attached on the density and mix of units affecting the
disposal price and/or the rental income
Decision type: Key
Decision status: For Determination
Notice of proposed decision first published: 10/12/2014
Decision due: July 2012 by Cabinet Member for Business Strategy, Performance & Health Reform
Department: Strategic & Corporate Services
Contact: Nigel Brown, Asset Development and Commissioning Manager Email: nigel.brown@kent.gov.uk Tel: 01622 696970.
Consultation process
Not Applicable
Notify all Members of the Council but particularly the ward members where these sites are located.
Consultees
KCC is required to secure best value and therefore independent valuations will be undertaken to verify the final terms agreed will meet this criteria
Aims and level(s) of consultation (KCC consultation levels attached)
NA
Key consultee groups
NA
Start and finish dates of consultation.
NA
Equalities Impact Assessment included in the consultation documentation. Please state where this can be found.
NA
Date of publication of consultation outcomes and updated Equalities Impact Assessment
NA
Informing Only
NA
Has the matter already been discussed by a Cabinet Committee? If not when will be it discussed by the Cabinet Committee and the date of the meeting
No
Is the matter referred to in your Business Plan or Medium Term Capital Programme?
The Property Business Plan refers to the disposal strategy and asset management strategy but there is no specific reference to the sites included within the deal
Which Members and electoral Divisions are affected by this proposed decision? Is it All Members?
All Members
Financial implications: Nigel Brown, Manager – Asset Development and Commissioning Manager, PI&S 01622 696970 - Nigel.brown@kent.gov.uk
Legal implications: 12/01911
Equalities implications: If Key Decision - reason (see note on what constitutes a Key Decision) The proposal will unlock regeneration of a number of KCC assets, provide housing stock as part of Bold Steps for Housing strategy and provide rental income for KCC