Issue - meetings

To consider a report on the termination of the conditional contract to transfer Ashford Victory Place to Knowle Green Estates Limited.

The Sub-Committee considered a report on which sought approval to terminate the conditional contract to transfer Ashford Victory Place to Knowle Green Estates Limited. The Development Management Consultant advised that the signed Section 106 agreement would run with the land, which would mean whoever brought it would have to fulfil those obligations. The Sub-Committee were advised that the contract with KGE would expire in March 2025 and even if we were to try and develop the site we would not complete in time. The Deputy Chief Executive advised that the KGE Board were happy with the proposal.

The Sub-Committee resolved to:

1. Approve the request to formally terminate the Conditional Contract dated 3^rd March 2022 between the Council (1) and Knowle Green Estates Limited (2) for the sale and purchase of Land at Ashford Hospital, London Road, Ashford (Ashford Victory Place Contract), and

2.    Authorise the Group Head of Corporate Governance to enter into any legal documentation to terminate the Ashford Victory Place Contract.