Cabinet agreed that the grant agreement annexed to the report, between the Council and East Kent Colleges Group should be signed by the Section 151 Officer, with the seal to be witnessed by two authorised officers.
The proposed Lease arrangements to East Kent Colleges Group of 53-57 High Street, Margate on 125 year term at a peppercorn rent were approved. This included that the appointed Joint Venture Steering Group members confirmed consent to the same.
Authorisation was provided to the Head of Regeneration and Growth in consultation with the Head of Property to finalise the terms of the lease. Authorising the Head of Legal and Democracy to negotiate and complete the necessary legal formalities and all necessary deeds and agreements arising from or ancillary to the grant of the lease of the property.
Decision type: Non-key
Decision status: Recommendations Approved
Wards affected: Margate Central Ward;
Notice of proposed decision first published: 29/01/2024
Decision due: 29 Feb 2024 by Cabinet
Lead member: Councillor Ruth Duckworth, Cabinet Member for Regeneration and Property Cllr-Ruth.Duckworth@thanet.gov.uk
Lead director: Bob Porter
Contact: Louise Askew, Head of Regeneration and Growth Email: Louise.askew@thanet.gov.uk.
What the decision will mean: East Kent College Group will be able to move forward with the delivery of the Margate Digital project in Margate High Street.