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 renew lease with The Trustees of the Wing Hall Trust for Wing Community Library, Wing Village Hall, Leighton, Wing.

Reasons for the decision

The Council’s existing lease of Wing Community Library expired on the 30th September 2022. The Council have been holding over on the existing terms since this date.
The existing lease
was originally entered into by Buckinghamshire County Council for a period of 20 years. Rent at expiry was £5,633.31 per annum.
The Trustees of the Wing Hall Trust have agreed to renew lease on the same Terms, save for rent. Terms agreed are detailed in the Confidential Appendix.

Rent agreed is based on RPI increase of rent at expiry.
Library Services have instructed on wanting to enter new lease and have confirmed they are happy to proceed on the Terms detailed in Confidential Appendix.

Alternative options considered

No other options to consider.