Issue - meetings

Property Acquisition for 1,000 Affordable Homes Programme

Meeting: 27/07/2022 - Executive (Item 41)

41 Property Acquisition for 1,000 Affordable Homes Programme pdf icon PDF 163 KB

Additional documents:

Minutes:

RESOLVED:

 

1.  That the financial returns for the proposed acquisition as shown in Appendix 1, which is part 2 of the report, which support the Housing Development and Regeneration Investment Plan and the overall Development Strategy, are approved;

 

2.  That the site acquisition in line with 2.6 of the report is approved;

 

3.  That the Director of Finance and Business Improvement is granted delegated authority to:

3.1  negotiate terms for the purchase of the proposed acquisition for the sum as referred to in the Part 2 report, subject to the site securing planning consent;

3.2  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 a suitably qualified Employers Agent and Contractor; and

3.3  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;

 

4.  That the Head of Mid Kent Legal Services is authorised to appoint the solicitors required to negotiate and complete the necessary contract documentation, deeds and agreements associated with the purchase of the site and the procurement and appointment of contractors and consultants on the terms as agreed by the Director of Finance & Business Improvement; and

 

5.  Post completion of the procurement process a contractor be appointed to bring forward for approval a detailed project delivery and investment plan (prior to the development itself commencing).

 

(See Record of Decision)