RESOLVED –
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That the in-year budget revisions and the direction
of travel in setting the budget 2023/24 with the aim of rebalancing
the council’s finances over the medium-term be
approved.
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That the Head of Economic Development and Property
in consultation with the Portfolio Holder for Finance and
Performance be given delegated authority to commence listing, for
potential disposal or lease, of the following surplus assets, Mount
Pleasant Avenue Car Park, Great Hall Yard Car Park, the Gateway and
Land at Warwick Park be approved.
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That authority be delegated to the Head of Finance,
Procurement and Parking in consultation with the Portfolio Holder
for Rural Communities (Deputy Leader) to produce Terms of Reference
for a Community Support Fund be approved.
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That the virement of £2.5m from the Town hall
conversion budget to the Asset Acquisition budget to further the
economic development of the town centre through the acquisition
and/or redevelopment of property be approved. And that delegated authority be given to the
Director of Finance, Property and Development to negotiate and
agreed terms to entre into contracts utilising this budget in
consultation with the Monitoring Officer and the Cabinet Members
for Finance and Performance and Tunbridge Wells Town Centre and
Local Areas be approved.
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That delegated authority be given to the head of
Legal Partnership to negotiate and complete all necessary
agreements, deeds and documents arising or ancillary to the
purchases and/or refurbishments on terms negotiated and agreed be
approved.
REASON FOR DECISION: To
deliver a sustainable budget that would address and rebalance the
Council’s finances over the medium term.