Content

Decision:

1.    
Approved
the surrender of the current lease over The Bridge, and the
subleases over Napoleon’s Passage and the airspace above,
between the Council and M. F. Strawson, and simultaneously grant
one new lease over The Bridge, Napoleon’s Passage, and the
airspace above, for a term of 125 years with a new user provision
being Student Accommodation.

2.    
Approved
the surrender of both leases over Napoleon’s Passage and the
airspace above, between the Council and the National Trust, and
simultaneously enter into two new leases for a term of 125
years.
Reason(s):
To
provide the Council with a capital receipt of £214,000. All
capital receipts generated from General Fund assets will contribute
towards the Council’s Financial Recovery Plan to reduce
Council debt and achieve a sustainable financial
position.
Other options considered and rejected by the
Committee:
None.
Details of any conflict of interest declared by the Leader or
lead councillors and any dispensation granted:
None.