Issue - meetings

Cabinet agreed that considerations for this issue follow on the same principles as that of Pierremont Hall. It was however reported that no other interest had been registered for Retort House other than the bid submitted by Broadstairs Town Council.

Cabinet considered the balance between the economic, social or environmental wellbeing benefits of a community asset transfer, and the potential additional financial receipt of an open market sale to reach a disposal decision.

Councillor Bayford spoke under Council Procedure Rule 24.1.

Councillor Townend proposed, Councillor Wells seconded and Members agreed the following:

1.  To consider whether the purpose for which the land is to be disposed is likely to contribute to the promotion or improvement of the economic, social or environmental well-being of the whole or part of the district or all or any persons resident or present in the district. In particular, whether those benefits outweigh the difference in price between the offer and the valuation of the land and thereafter agreed the following:

2.  That cabinet is satisfied in relation to recommendation 5.1 (in the Cabinet report) and that approval is given to dispose of Retort House by Community Asset to transfer to Broadstairs Town Council;

3.  That any transfer to include appropriate restrictive covenants and overage clauses to protect the Council's position in the event of any future disposals of the property.