Decision

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 agree a new farm business tenancy, of less than 7 years, with the existing tenant at Huntsmoor Park Farm, under the same terms

Reasons for the decision

The land is currently occupied and the terms of the lease renewal 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

Let the FBT expire and do not re-let:

Benefit: The Council will have the land in hand, meaning possession will not have to be sought in the future should it be required
Disbenefit: Maintenance responsibilities will fall on
the Council and risks to security of the land

Market the land and let to another party:

Benefit: May give the opportunity to secure an increased rent with a new party.
Disbenefit: Extra costs to the Council for marketing. Increased rent unlikely to be secured. New tenant would be unknown party to the Council