To authorise the Director of Infrastructure, in consultation with the Cabinet Member for Corporate and Democratic Services, to finalise Terms of the following property disposals and enter into any agreement to finalise the transactions.
16/00065a – Land at Seabrook Road, Hythe
16/00065b – Land at Moat Farm Road, Folkestone
16/00065c – Surplus Land at Spring Lane, Canterbury
16/00065d – Land at Stock Lane, Wilmington, Dartford
16/00065e – Land at Astor of Hever, Oakwood Park, Maidstone
The sale of the assets will secure a capital receipt to fund the capital programme.
Financial Implications: An early disposal will save on security and holding costs. Disposal of surplus property is required to support the Council’s Capital Programme. If capital receipts are not realised this will impact on the delivery of the Capital Programme.
Legal Implications: None
Equality Implications: None
These matters are referred to in the Infrastructure Business Plan and the Medium Term Capital Programme.
Decision type: Key
Reason Key: Expenditure or savings of more than £1m;
Decision status: Recommendations Approved
Division affected: Maidstone Central; Wilmington;
Notice of proposed decision first published: 11/07/2016
Anticipated restriction: Part exempt - View reasons
Explanation of anticipated restriction:
The sale, price buyer and other financial information will be of a commercially sensitive nature and contained in a separate exempt appendixs
Department: Strategic & Corporate Services
Consultees
The proposed decisions were discussed by the Property Sub-Committee on 8 July and the outcome included in the paperwork which the Cabinet Member was asked to sign when taking the decisions.
Local members are to be advised of the intended disposals.
Legal implications: 16/00065 (a-e)