Issue - meetings

Decision number:

Decision:

113/2019

The Cabinet approved the updated Business Plan as set out in Exempt Appendix 1 to the report.

The Cabinet noted the report and the investment made by Medway Development Company Ltd (MDC) to date as set out in Exempt Appendix 2

114/2019

The Cabinet approved the creation of a fully commercial subsidiary of MDC to allow the construction and rental of private rented or shared ownership properties.

115/2019

The Cabinet approved the suggested pipeline of next projects for MDC and the prioritisation of Mountbatten House, as set out in Exempt Appendix 3.

116/2019

The Cabinet approved the cessation by MDC of work on the Hook Meadow Community Hub and residential scheme and instructed officers to submit a business case to a future Cabinet meeting for approval to progress the scheme as a Council capital project.

117/2019

The Cabinet approved the cessation by MDC of work on the smaller part of the Sir John Hawkins car park and instructed officers to submit a business case to a future Cabinet meeting for approval to progress the scheme as a Council capital project.

118/2019

The Cabinet approved the designation of the Chief Legal Officer as client representative for MDC.

119/2019

The Cabinet agreed to delegate authority to the Chief Legal Officer, in consultation with the Portfolio Holder for Resources, to:

Arrange for the following four sites:

·         White Road;

·         Land to the north west of Britton Farm shops;

·         Whiffens Avenue car park;

·         Chatham Waterfront.

To be developed and for the completed developments on them to be disposed of by way of either freehold transfers or leases on the best terms reasonably obtainable and to enter into all necessary legal agreements.