To approve the Council’s purchase of 65%
of the company to be registered and known as Ashford International
Development Company, currently referred to as the New Town Works
Company.
Exercise of Chief Executive's delegation granted at the Cabinet
Meeting on 27th January 2022 - Minute No 259(iii)/1/22
refers.
Recommended:
(iii)responsibility for finalising the deal and sign-off be
delegated to the Chief Executive, in consultation with the
Executive Leader, subject to satisfactory oversight of a Due
Diligence Working Group which will include the Chair of Overview
and Scrutiny and the Portfolio Holders for Finance and IT and
Regeneration and Corporate Property.
Decision type: Key
Reason Key: Expenditure > £500,000;
Decision status: For Determination
Notice of proposed decision first published: 11/05/2022
Decision due: 11 May 2022 by Chief Executive
Contact: Tracey Kerly, Chief Executive Officer Email: tracey.kerly@ashford.gov.uk Email: tracey.kerly@ashford.gov.uk Tel: 01233 330201.