Approval to the Director of Infrastructure to progress with and enter into the necessary documentation to complete the disposal of the property in consultation with the Cabinet Member for Corporate and Democratic Services. The Decision will seek legal agreements to be actioned to complete the sale of the relevant properties.
How the decision relates to BS4K and Corporate Objectives:
Securing a capital receipt to fund the capital programme and to streamline the Council’s property portfolio to achieve financial and efficiency benefits in line with appropriate policy.
Financial Implications: Property holding costs will cease upon sale and capital receipts will be available to support the Council’s Medium Term Capital Programme
Legal Implications: N/A
Equality Implications: N/A
The need for capital receipts is outlined in the Medium Term Capital Programme
Decision type: Key
Reason Key: Expenditure or savings of more than £1m;
Decision status: Recommendations Approved
Division affected: Herne and Sturry;
Notice of proposed decision first published: 27/06/2016
Anticipated restriction: Part exempt - View reasons
Explanation of anticipated restriction:
The sale price, buyer 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 1972T
Department: Strategic & Corporate Services
Contact: Roderick Lemerle, Disposals Surveyor 03000 416385.
Consultees
The proposed decision was discussed and endorsed by the Property Sub-Committee on 8 July 2016. The proceedings are summarised on the signed record of decision (ROD) document.
Financial implications: Rod Lemerle, Infrastructure Division 03000 416385 Roderick.lemerle@kent.gov.uk
Legal implications: 16/00061