Confidential report to be circulated at the Cabinet meeting.

Cabinet Member for Finance and Performance

Cabinet considered the report of the Chief Financial Officer and the above Cabinet Member.

The Cabinet Member for Finance and Performance stressed that the Council must be ambitious and generate income in future years and the purchase of the site would offer different options.

A discussion ensued and Members welcomed the opportunities that purchasing the land could offer.

Resolved:

(1)  That responsibility be delegated to the Head of Property Services in consultation with the Cabinet Member for Finance and Performance to negotiate to acquire commercial land, Sittingbourne at the guideline price as set out in the report, or such other reasonable amount, to protect the Council’s interest.