Purpose

Purpose: As part of the Commercial Estate
Team's commitment to provide resilient net income for the Council,
this programme complies with the Council's legal obligations as
landlord as well as providing investment to upgrade and future
proof the portfolio of commercial properties. This will revitalise
the city centre and protect the listed status of these
buildings.

Decision

Decision: To approve capital budget up to the
value of £1 million for upgrading of commercial properties in
addition to planned maintenance and to be funded by £645k
from the provisional capital programme for commercial estate
planned maintenance and £355k from third party
contributions.