Issue - meetings

The meeting was advised that a European Regional Development Fund grant of £68,750 was paid to Melltree Properties Limited by the Council in 2007 for the conversion of 42 High Street and 16 Marine Drive, Margate into artist studios.

The full conversion did not happen and consequently the Council sought recovery of the grant from the company and from the two company directors. Counsel’s advice was sought. Their recommendation was that Council accept the offer to avoid incurring further litigation costs. Accordingly the litigation was settled.

Councillor Everitt proposed, Councillor C. Hart seconded and Members agreed to approve the write off of the balance of the debt owed by Melltree Properties Limited in the sum of £63,750 and task the legal officer to refer the matter to the Kent Police for further investigation.