Decision details

Report of the Head of Commercial and Economic Development - Property Acquisitions - Brunswick Street Redevelopment

Decision Maker: Communities, Housing and Environment Committee

Decision status: Recommendations approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

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.

Report author: Andrew Connors

Publication date: 19/01/2017

Date of decision: 17/01/2017

Decided: 17/01/2017 - Communities, Housing and Environment Committee

Effective from: 27/01/2017

Accompanying Documents: