Decision details

Disposal of Various Property Assets and Release of Covenants

Decision Maker: Cabinet

Decision status: Decision made

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report will request that Cabinet declares a number of properties surplus, so that they can be disposed of at best consideration using the Director of Finance and Corporate Services' delegated powers.

Decision:

219/2006 The Cabinet agreed that 236 The Tideway, Rochester be declared surplus and disposed of at best consideration, the Director of Finance and Corporate Services agreeing the terms of such disposal using delegated powers.
220/2006 The Cabinet agreed that land at Cross Street, Gillingham be declared surplus and disposed of at best consideration, the Director of Finance and Corporate Services agreeing the terms of such disposal using delegated powers.
221/2006 The Cabinet agreed to delegate authority to the Director of Finance and Corporate Services to declare 55 Green Street, Gillingham surplus and thereafter dispose of 55 Green Street at the best consideration reasonably obtainable.
222/2006 The Cabinet agreed to the release/variation of the restrictive covenant on the land adjacent to 3 Wake Road, Rochester and delegated authority to the Director of Finance and Corporate Services to negotiate and complete the release/variation for best consideration.
223/2006 The Cabinet agreed to the release/variation of the restrictive covenant on the land adjacent to 2 Rushdean Road, Strood and delegated authority to the Director of Finance and Corporate Services to negotiate and complete the release/variation for best consideration.

Reasons for the decision:

The disposal of these properties and the release/variation of the restrictive covenants will contribute towards the Council's capital receipt target of £4m per annum and reduce revenue costs.

Publication date: 07/11/2006

Date of decision: 07/11/2006

Decided at meeting: 07/11/2006 - Cabinet

Effective from: 16/11/2006

Accompanying Documents: