Decision

Exemption from publication: There are confidential appendices to this report, which are exempt by virtue of paragraph 3 of Schedule 12A of Part 1 of Schedule 12a of the Local Government Act 1972 because they contain information relating to the financial or business affairs of any particular person (including the authority holding that information).

To grant the regear of an existing lease

Reasons for the decision

The terms of the lease regear are in line with the market. The proposed lease renewal will generate a revenue to support delivery of the Council’s services and meeting the Council’s obligations under Section 123 of the Local Government Act 1972.

Alternative options considered

Alternative Option Considered:
Not to renew the lease
Benefit:
None
Disbenefit:
The property would need to be marketed, incurring potential void periods and associated costs, including agent fees.