Decision

Decision
RESOLVED to approve
 

A new lease with the existing tenant as per Option 1
detailed in the exempt appendix.

Delegate approval to the Asset
Strategy Manager to agree the exact terms of the above legal
agreement.

 
Reason for the recommendations:
 

·      
Granting a new lease at the property will secure
the Council’s revenue income from the property at a market
rent ensuring best value is achieved in line with
the Council obligation under the Section 26 of the
Local Government Act.

·      
Granting a new lease at the property will provide
security to the tenant’s business and secure skilled jobs in
the district.