Decision details

Disposal of Land and Release of Covenants

Decision Maker: Cabinet

Decision status: Decision made

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Cabinet approval is requested for the disposal of several pieces of land aound Medway.

Decision:

193/2005 The Cabinet agreed to the variation/release of restrictive covenant on the land adjacent to the former highway land, between 32 and 34 Roosevelt Avenue, Chatham and delegated authority to the Director of Finance and Corporate Services to negotiate and complete the disposal and variation/release for best consideration.
194/2005 The Cabinet agreed to the variation/release of the following restrictive covenants and delegated authority to the Director of Finance and Corporate Services to negotiate and complete the variation/releases for best consideration:
(a) land at Winston Drive, Wainscott.
(b) land at Underdown Avenue, Chatham.
(c) land at Gerald Avenue, Chatham.

Reasons for the decision:

To ensure variation/release of the four restrictive covenants and the sale of former highway land is achieved on the most favourable terms.To contribute towards the Council's capital receipt target of £4m per annum.

Publication date: 06/09/2005

Date of decision: 06/09/2005

Decided at meeting: 06/09/2005 - Cabinet

Effective from: 15/09/2005

Accompanying Documents: