Agenda and minutes

Venue: Boulogne Room, Civic Centre, Folkestone

Contact: Kate Clark 

No. Item


Welcome and Introduction


Susan Priest, Head of Paid Service, opened the meeting with introductions and advised that the Chairman, Councillor Monk, would be slightly delayed. 


Declarations of Interest

Members of the Council should declare any interests which fall under the

following categories:


a) Disclosable pecuniary interests (DPI);

b) Other Significant Interests (OSI);

c) Voluntary announcements of other interests.


Supporting documents:


There were no declarations of interest. 



To approve the minutes of the Otterpool Working Group held on 7 October 2019. 

Supporting documents:


The minutes of the meeting held on 7 October 2019 were approved. 


Presentation from BNP Paribas, Commercial Advisors to the Council


An overview and presentation were given by Victoria Seal, Director, BNP Paribas Real Estate.


The presentation included: 


·         Overview of the assumptions and plans

·         Approach to the appraisal

·         Appraisal outcomes

·         Opportunities available



Presentation from PWC on the financial model


James Bailey, Director at PwC introduced himself and gave examples of other developments he has been involved with.  His presentation to members included: 


·         Roles in the project

·         Indicative financial analysis

·         Further considerations and potential next steps. 


Discussions followed around:


·         Build and infrastructure costs

·         Green infrastructure

·         Delivery vehicle

·         Employment

·         Inflation

·         Assessment of risk

·         The quantum of funding

·         Council tax income

·         New Homes Bonus Funding





Decisions for Council in November's Cabinet and Council reports


A majority of Members of the working group were in agreement to support the recommendations to Cabinet and Council as outlined in the committee paper. 




Future delivery of Otterpool Park


Councillor Mullard gave his opinion on the name of the development and believed it would be better known, for example, as Westenhanger Park.  He believed this to be more identifiable with the public as to its position with the existing train station, whereas Otterpool Park is not easily recognised. There was agreement to return to the matter at a future meeting. 





To agree items for future Otterpool Park Working Groups

List discussed at the Working Group meeting held on 7 October 2019: 


·         Housing mix

·         Future mobility and technology

·         Biodiversity

·         Design

·         Employment

·         Long term stewardship


Further subjects for discussions at future Otterpool Park working groups (in addition to the list drawn up at the meeting of 7 October) included ground source heating, grey water disposal and ecology. 






Next steps


John Bunnett, Corporate Director, advised members the importance of establishing monies to enable the project to develop further.  The November Cabinet & Council meetings will consider a £100m capital budget to be ‘earmarked’ for the scheme.  Decisions will be made at Cabinet and Council on 20 November 2019


Further details will be given to the working group with regard to this decision and negotiations.