Cabinet agreed to withdraw from the disposal list, the land adjacent to the Northdown Park (which is maintained by Margate Garden Gate Project).
Cabinet also clarified that the Quarterdeck (which has a 99 year lease that expires in 2063) will be unaffected by the proposed asset disposal.
Thereafter Cabinet agreed the following, subject to the above amendment and clarification:
1. To proceed with the disposal of assets listed in Annex 1 (to the Cabinet report) with sale proceeds being used to fund the asset management and capital programme;
2. To proceed with the transfer of assets listed in Annex 2 (to the Cabinet report) to Parish & Town Councils and eligible Community Groups to ensure their continued use for the benefit of the community;
3. To agree to further investigations being undertaken in respect of further properties to be listed and brought forward for disposal in the future.