Purpose

Consideration of proposals for
a long lease of Southover House to Charleston Lewes
Limited
 
Delegation requested for the
Deputy Chief Executive and Director of Regeneration and Planning in
consultation with the Lead member for finance, assets and community
wealth building to take all necessary steps to enter into a lease
of Southover House with Charleston Lewes Limited, including
completion of all ancillary documents.
 
To also consider potential land
acquisitions and assembly.

Content

(Key
decision):
 
(1) To note the current
position regarding land and property assets at:
i)
Southover House, and
ii)
the North Street Quarter
 
(2) To approve entering into a long lease of Southover House with Charleston Lewes Limited,
subject to ongoing due diligence and agreed final terms.
 
(3) To authorise the Assistant
Director – Property and Development, in consultation with the
Deputy Chief Executive and Leader of the Council, to:
 
·       
conclude commercial negotiations in relation to
Southover House, including determining
final terms, and

 
·       
enter into
a lease of Southover
House on the terms agreed, including all associated
documents.
 
(4) To authorise the Director
of Regeneration and Planning, in consultation with the Leader of
the Council, Director of Finance and Performance, and Head of Legal
Services, to assess options to further the delivery of the North
Street Quarter development as set out in Appendix 2 to the report
(exempt).
 
(5) To agree that compliance
with the Council’s Contract Procedure Rules is waived
in the event that any agreed rent, or
turnover rent, exceeds £25,000 per annum.