Decision details

Town & Country Housing have approached TWBC to acquire a number of small parcels of land that have remained in the ownership of the Council since the transfer of the housing stock to TCH. This is to consolidate their landholding as part of their plan to redevelop the Estate. The intention is to agree an option to purchase now & for the matter to complete once their own plans are ready to proceed. Currently there are 13 parcels amounting to a total of 454.9 m sq. The land are predominately footpaths or highway. The firm of GL Hearn were instructed to provide a valuation in September 2022 which was accepted by both parties. The total value of the parcels of land has been calculated at £27,134.
TCH are currently assessing whether other parcels may be required as part of the need to accommodate he cycle path that is planned to pass through the area.

RESOLVED –

1.That the grant of the option and the disposal of land referred to in the report and Appendices be approved.

2. That the Head of Economic Development and Property in consultation with the Director of Finance, Policy   and Development, the Monitoring Officer and the Cabinet Member for Finance and Performance be given delegated authority to negotiate and agree the terms of the option to be granted and the subsequent disposal if the option is exercised be approved.

3. That the Head of Mid Kent Legal Services is authorised to negotiate and complete all necessary legal documentation and formalities to give effect to these recommendations and the disposal of the land be approved.

REASON FOR DECISION: The sale would tidy up the land ownership issues, remove any obligation for maintenance to the Council and provide some additional funds to the Council.