385 Coldharbour Lane lease for occupation
December 5, 2023 Cabinet Member for Finance (Cabinet member) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to vary the lease with Ovalhouse for the ground, first, and second floors of Block B of the Somerleyton Road development for 250 years at peppercorn rent, subject to legal opinion on the Subsidy Control Act 2022, and to delegate terms to the Strategic Director of Sustainable Growth and Opportunity.
Full council record
Decision
1.
To agree a variation of the Lease with Ovalhouse for the ground, first, and second floors
of Block B of the Somerleyton Road
development for a period of 250 years at peppercorn rent in the
best interest of the Council, subject to the legal opinion on the
Subsidy Control Act 2022. To delegate to the Strategic Director of
Sustainable Growth and Opportunity terms set out in the exempt
report recommendations.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 5 Dec 2023 |
| Effective from | 28 Nov 2023 |
| Subject to call-in | Yes |