Purpose

To consider adopting an NNC
policy.

Content

RESOLVED
 
KEY
DECISION
 
That
the Executive approved the Corporate Property
Leasehold Policy at Appendix A of the
report for adoption.
 
 

Reasons for Recommendations:

 

i)       
The Council has fiduciary responsibilities to ensure
all leasehold agreements it enters represent value for money.
The Corporate Property Leasehold
Policy supports this outcome.

 

ii)      
Progressing leasehold transactions in a co-ordinated
way will contribute to the Corporate Plan and the commitment to be
carbon neutral by 2030.
 

iii)     
The Corporate Property
Leasehold Policy supports a timely and
professional process, which will help manage costs and assist the
Council to achieve income targets from its commercial
estate.
 

iv)    
The Policy supports centralised current record
keeping; a requirement of the constitution.

 
Alternative Options Considered: The Council could choose not to
adopt a co-ordinated leasehold policy, but this would lead to
uncertainty and increased risks of agreements being entered into
without full consideration.