MAIDSTONE BOROUGH COUNCIL
RECORD OF DECISION OF THE Policy and Resources Committee
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Decision Made: |
23 September 2015 |
Property Acquisition
Issue for Decision
To consider a joint property acquisition.
Decision Made
1)
That the proposed Heads of Terms as set out in Appendix 2 of the exempt
report of the Director of Planning and Development for a joint acquisition be
agreed;
2)
That the key principles of the draft collaboration agreement as set out
in paragraphs 4.5 to 4.9 of the exempt report of the Director of Planning and
Development which governs how the joint owners will share responsibilities,
risks and rewards in acquiring, managing, planning and developing the site be
agreed and that delegated authority be granted for the Chief Executive to negotiate
the final arrangement in consultation with the Chairman of Policy and Resources
Committee.
3)
That within this collaboration agreement the establishment of a member
led joint strategic board to oversee the project be agreed and that delegated
authority be given to the Chief Executive and the Director of Planning and
Development in consultation with the Chairman of Policy and Resources Committee
and the Chairman of Strategic Planning, Sustainability and Transport Committee
to make decisions as set out in the Collaboration Agreement;
4)
That the capital funding of the Council’s contribution to the total
costs of the joint acquisition set out in Table 1 of the exempt report of the
Director of Planning and Development, and the revenue funding associated with
the Council’s anticipated expenditure on the acquisition of the site, on an
equal basis with our partner, be approved; and
5)
That the costs associated with the site’s redevelopment, including a
dedicated Development Manager, professional fees, surveys, planning application
etc be funded in part from the Kent Business Rates Pool and from the value
generated from the development.
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Should you wish to refer this decision to Council, please submit a Decision Referral Form, signed by five Councillors, to the Head of Finance and Resources by: 2 October 2015 |