Issue details
Option to purchase car park, Ramsgate
The council leases Royal Harbour multi-storey CP under a financing lease entered into in 1977, which has 48yrs unexpired. The lease contains a tenants option to purchase the leasehold interest, at certain trigger points, the next is in 2025. Exercising the option will have an improved long term budgetary impact for the council.
Decision type: Key
Reason Key: Expenditure or Making one-off Savings anticipated to be £250,000 or more*;
Decision status: Recommendations Approved
Wards affected: Central Harbour Ward;
Notice of proposed decision first published: 14/10/2024
Decision due: 10 Dec 2024 by Overview & Scrutiny Panel
Decision due: 19 Dec 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: Natalie Beldin, Principal Property Surveyor Email: natalie.beldin@thanet.gov.uk.
What the decision will mean: Projected financial savings
Decisions
- 23/12/2024 - Option to purchase car park, Ramsgate
Agenda items
- 10/12/2024 - Overview & Scrutiny Panel Option to purchase car park, Ramsgate 10/12/2024
- 19/12/2024 - Cabinet Option to purchase car park, Ramsgate 19/12/2024
Documents
- OSP report
- Cabinet report