Decision

The Cabinet has decided to approve the disposal of a property asset to realize a Capital sum for Council funds.

Analysis

outcome: Cabinet approves the disposal of the asset and delegates authority to negotiate and complete necessary legal documentation.

summary: The decision involves the disposal of a property asset via the Open Market, requiring formal Council approval.

topline: The Cabinet has decided to approve the disposal of a property asset to realize a Capital sum for Council funds.

reason_contentious: This issue may be contentious as it involves the sale of a public asset and allocation of Council funds.

affected_stakeholders: ["Cabinet", "Head of Economic Development and Property", "Director of Finance, Policy and Development", "Monitoring Officer", "Cabinet Member for Finance and Property", "Head of Mid Kent Legal Services"]

contentiousness_score: 6

political_party_relevance: There are no mentions or implications of political parties in the decision.

URL: https://democracy.tunbridgewells.gov.uk/ieDecisionDetails.aspx?ID=3025

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: TWBC are disposing of a property asset via the Open Market but formal Council approval will be required to complete the transaction. 

Content: TWBC are disposing of a property asset via the Open Market but formal Council approval will be required to complete the transaction.  RESOLVED –   That Cabinet approves the disposal of the asset referred to in this report and the Appendices.   That delegated authority is granted to 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 Property to negotiate and agree the terms of the disposal.   That the Head of Mid Kent Legal Services is authorised to negotiate and complete all necessary and ancillary legal documentation and formalities to give effect to these recommendations and the disposal of the property.   REASON FOR DECISION: The sale of this property is part of a programme of Asset disposal that would realise a Capital sum for Council funds.  

Date of Decision: June 26, 2025