Purpose

The Council is receiving 13 Marketfield Way
from a developer under the terms of a Section 106 planning
agreement. The developer is also providing a capital contribution
for the fit-out the premises to enable a letting. Approval is
sought for the grant of a lease to a community services and
healthcare provider and to use the developer-funded capital
contribution to fund finishing and fitting-out works.

Decision

RESOLVED
that the Partner, Shareholder and Trustee Executive
Sub-Committee:
 

(i)            
Notes the acquisition by lease of an asset
comprising community facilities at 13, Marketfield Way, Redhill;
 

(ii)           
Approves the allocation of a £0.379 million
capital contribution from the developer of 13 Marketfield Way to fund fitting-out works;
and
 

(iii)         
Approves the disposal of the community facilities at
13 Marketfield Way, through the grant
of a 25 year underlease at a peppercorn rent to YMCA East Surrey on
terms as set out in the report.