MAIDSTONE BOROUGH COUNCIL
RECORD OF DECISION OF THE Communities, Housing and Environment Committee
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Decision Made: |
17 January 2017 |
Report of the Head of Commercial and Economic Development - Property Acquisitions - Brunswick Street Redevelopment
Issue for Decision
To seek approval for the freehold acquisition of the premises set out in the exempt report of the Head of Regeneration and Economic Development.
Decision Made
That:
1.
The draft Heads of Terms, as set out in Appendix 2 to the exempt report
of the Head of Regeneration and Economic Development for the freehold
acquisition of the premises detailed be agreed.
2.
The Director of Finance and Business Improvement be granted delegated
authority to conclude negotiations with the owners regarding the acquisition of
both sites.
3.
The Director of Finance and Business Improvement be granted delegated
authority to commence and conclude negotiations with the tenants regarding the
early surrender of the lease.
4.
The Head of Mid Kent Legal Services be authorised to complete the
documentation required for the purchases and early surrender of the lease as
agreed by the Director of Finance and Business Improvement.
5.
The acquisition costs related to the development of the Brunswick Street
car park site be funded from approved resources within the Housing Investments
Capital Programme.
Should you wish to refer this decision to the Policy and Resources Committee, please submit a Decision Referral Form, signed by three Councillors, to the Head of Policy and Communications by: 26 January 2017