Agenda and minutes

Extraordinary, Cabinet
Thursday, 1st August, 2019 7.00 pm

Venue: Council Chamber, Council Offices, Cecil Street, Margate, Kent. View directions

Contact: Charles Hungwe 

Items
No. Item

584.

Apologies for Absence

Minutes:

Apologies were received from Councillor Reece Pugh.

585.

Declarations of Interest pdf icon PDF 113 KB

To receive any declarations of interest. Members are advised to consider the advice contained within the Declaration of Interest advice attached to this Agenda. If a Member declares an interest, they should complete the Declaration of Interest Form

Minutes:

There were no declarations of interest.

586.

Proposal for the disposal of the Dreamland freehold pdf icon PDF 129 KB

    Additional documents:

    Minutes:

    Members were advised that the corporate portfolio was under review to ensure that the Council only retained assets that supported corporate priorities and delivered value for money, as outlined in the Strategic Asset Management Plan (SAMP) 2017 – 2021. The review had identified the Dreamland, an iconic heritage theme park that had experienced some difficulties in the past, had been brought back to full use through the Council’s CPO efforts and was ready to be returned to private sector ownership to secure its long term future.

     

    Cabinet agreed that the Dreamland site represented a current and potential liability to the Council, with current and future costs which were unsustainable. It was now considered an optimum time to dispose of the site to the lessee and operator, Sands Heritage Ltd (SHL) to safeguard its future and support regeneration of the area.

     

    Councillor Rusiecki and Councillor Yates spoke under Council Procedure Rule 20.1.

     

    Councillor Bayford proposed, Councillor Game seconded and Cabinet is agreed that:

     

    1.  Subject to agreement of external funders regarding the removal of ongoing grant obligations upon the council, and subject to legal advice, to dispose of Dreamland to Sands Heritage Ltd including the boundary as indicated in Annex 1, all rides listed in Annex 2 and the intellectual property rights of Dreamland.