Issue - meetings

RESOLVED: That

1.  The financial returns for the proposed acquisition as shown in Exempt Appendix 3 to the report, be approved;  

2.  The Director of Finance, Resources and Business Improvement be granted delegated authority to:

a)  Negotiate terms for the purchase of the proposed acquisition for the sum as shown in the Exempt Appendix 3 of this 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 a suitably qualified consultants and Contractor.

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.

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, Recourses & Business Improvement; and

4.  Post completion of the procurement process, to appoint a contractor for the works cost detailed in the financial summary Exempt Appendix 3 to the report. If in the event tenders for the works cost are in excess of the agreed sum, then officers will return to the Executive to seek further approval prior to the development itself commencing.

(See Record of Decision)

The Lead Member for Housing and Health introduced the report and referenced the Council’s ambitious 1000 affordable homes programme. The development strategy for the programme had been approved by the previous Policy and Resources Committee in January 2022, and the proposed property acquisition was consistent with delivering that strategy.

RESOLVED:  That the Executive be recommended to

1. Approve the financial returns for the proposed acquisition as shown in Exempt Appendix 3 of this report.

2. Grant Delegated authority 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 of this report.

b)  Procure and enter 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 consultants and Contractor.

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.

3. Authorise the Head of Mid Kent Legal Services be to appoint the Solicitors required to negotiate and complete the necessary contract documentation, deeds and agreements associated with the purchase and 78 construction works on the terms as agreed by the Director of Finance, Recourses & Business Improvement; and

4. Agree post completion of the procurement process; to appoint a contractor for the works cost detailed in the financial summary Exempt Appendix 3. If in the event tenders for the works cost are in excess of the agreed sum, then officers will return to the Executive to seek further approval prior to the development itself commencing.