Decision Maker: Lead Member for Resources and Climate Change
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
New 25 year lease
18.1 The Lead Member considered a report by the Chief Operating Officer.
DECISIONS
18.2 The Lead Member RESOLVED:: (1) to agree to enter into a 25 year lease at a market rent, with rent-free period corresponding to the Tenant’s initial building works; and,
(2) To delegate authority to the Chief Operating Officer to negotiate and agree the terms of the lease.
Reasons
18.3 The Libraries and Information Service has no requirement for operational use of the property, and a long lease (exceeding 14 years) is appropriate, which would restrict use of the property to community or leisure purposes in accordance with existing planning permission.
Report author: Kevin Foster
Publication date: 22/10/2018
Date of decision: 02/08/2018
Decided at meeting: 02/08/2018 - Lead Member for Resources and Climate Change
Effective from: 10/08/2018
Accompanying Documents: