Content

Salford City Council - Record of Decision
TITLE: SURRENDER OF LEASE
-  2ND FLOOR, 1 NEW
BAILEY
I,
Councillor Kelly, Deputy City Mayor, in exercise of the powers
contained within the Salford City Council’s constitution do
hereby:
 

1    
Approve the acceptance of the fitout and the agreed
sum in full and final settlement of the existing tenant’s
liabilities for the 2nd floor at 1 New
Bailey. 

2    
Approve the sum is to be held to facilitate any
works required to 1 New Bailey to enable the vacant space within
the building to be relet.
3    
Delegate authority to the Executive Director Place
in conjunction with the S151 officer to: negotiate, agree, and
finalise the detailed terms of the
transaction.

4    
Authorise the Shared Legal Service to prepare all
necessary documentation and to take all steps which are required to
give effect to the above recommendations.
 
The Reasons are the above
approvals allow for the existing the tenant to surrender the lease
early, before the official break date 29th September
2023
                                                       
 
Options considered and rejected
were not to accede to the early surrender of the lease.
Assessment
of Risk: Low
 
 
The
source of funding: N/A
 
Legal
Advice obtained:  Shared Legal
Service
 
Financial Advice obtained:  David Mills, Strategic
Finance Manager
 
Procurement Advice obtained:
n/a
 
HR
Advice obtained: n/a
 
Climate Change Advice obtained: This is a CAT A building and is
fully compliant with all current Building Regulation
requirements
 
 
The
following documents have been used to assist the decision
process:
Report
submitted to Property/Regen Briefing on 24 July 2023
 
Contact Officer:
Stephanie Mullenger, Strategic Asset Consultant
Tel
No: 07810158682

 

This
decision is not subject to consideration by another Lead Member/
Director

This decision is not subject call-in and
comes into immediate effect

 

Signed:
Councillor Tracy
Kelly
Deputy City Mayor
Date: 24 July 2023
 

*          
This decision was published on Monday 24 July 2023.

*          
This decision is not subject call-in and comes into immediate
effect.