Issue - meetings

Property Transaction Report July to December 2022

Meeting: 09/02/2023 - Cabinet (Item 115)

115 Property Transaction Report July to December 2022 pdf icon PDF 110 KB

To consider and decide on the recommendations as set out in the associated report. 

Additional documents:

Decision:

RESOLVED – That the report be noted.

 

REASON FOR DECISION: To comply with the Constitution.

Minutes:

Councillor Christopher Hall, Cabinet Member for Finance and Performance introduced David Candlin, Head of Economic Development and Property who presented the report as set out in the agenda.

 

Discussion and questions from Members included the following:

 

-       The Directors of the Tunbridge Wells Property Holdings Ltd were David Candlin (Chair), Councillor Godfrey Bland (Board Member) and Councillor Ms Beverley Palmer (Board Member).

 

To note, the matter was decided in taking the exempt information set out in the report as read.

 

RESOLVED – That the report be noted.

 

REASON FOR DECISION: To comply with the Constitution.


Meeting: 24/01/2023 - Finance and Governance Cabinet Advisory Board (Item 74)

74 Property Transaction Report July to December 2022 pdf icon PDF 110 KB

To consider and provide a recommendation to Cabinet on the proposals set out in the attached report. 

Additional documents:

Minutes:

David Candlin, Head of Economic Development and Property introduced the report set out in the agenda.

 

Discussion and questions from Members included the following:

 

-       As set out in the Constitution, the Council employed independent, external valuers to determine the value of an asset.

-       Leases, once in place were based on ‘upwards only’ with increases bases on RPI (Retail Price Index).

 

To note, the matter was decided in taking the exempt information set out in the report as read. 

 

RESOLVED – That the recommendations to Cabinet as set out in the report be supported.