That:
1.
The financial returns for the proposed acquisition
as shown in Exempt Appendix 3 to the report, which supports the
Housing Development and Regeneration Investment Plan and overall
Development Strategy, be approved;
2.
Delegated authority be given to the Director of
Finance, Resources and Business Improvement to:
a)
Negotiate terms for the purchase of the proposed
acquisition for the sum as shown in the Exempt Appendix 3 to the
report;
b)
Procure and enter into all such deeds, agreements,
contracts and documents which may be required to facilitate the
purchase of the site, and the subsequent redevelopment works
required to deliver the scheme referred to in this report.
Including (but not limited to) any related appointments such as
suitably qualified consultants and a Contractor if
required;
c)
Subject to satisfactory conclusion of all due
diligence to negotiate and finalise and complete all legal
formalities, deeds and agreements which may be required to
facilitate the purchase;
d)
Negotiate and agree any lease between The Council
and Maidstone Property Holdings.
3.
The Head of Mid Kent Legal Services be authorised to
appoint the Solicitors required to negotiate and complete the
necessary contract documentation, deeds and agreements associated
with the purchase and construction works on the terms as agreed by
the Director of Finance, Resources & Business
Improvement.
