Decision

Salford City Council - Record of Decision

I, Councillor Jack Youd, Deputy City Mayor and Lead Member for Finance, Support Services and Regeneration, in exercise of the powers contained within the City Council Constitution do hereby:

1     Approve the letting of 1,845 sqm (19,863 sqft) of space comprising the whole of the 5th floor at 100 Embankment on a new lease.

2     Approve the payment of a capital sum plus VAT by the City Council to facilitate the letting.

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 letting of part of the fifth floor at 100 Embankment.

Options considered and rejected were: n/a

Assessment of Risk: low

The source of funding is: n/a

Legal Advice obtained: Shared Legal Service

Financial Advice obtained: Alison Woods, Commercial Finance Manager

Procurement Advice obtained: No implications - commercial letting

HR Advice obtained: n/a there are no HR implications arising from this proposal

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:

Public/briefing report submitted to Property/Regeneration Briefing on 10th June 2024

Contact Officer:  

Stephanie Mullenger, Head of Special Projects, Property and Estates                                 

stephanie.mullenger@salford.gov.uk

-       This decision is not subject to consideration by another Lead Member.

-       The appropriate scrutiny to call-in the decision is the Growth and Prosperity Scrutiny Panel                       

Signed: Councillor Jack Youd      

Deputy City Mayor and Lead Member for Finance, Support Services and Regeneration

Dated: 10th June 2024

This decision was published on Monday 10th June, 2024                                              

This decision will come in force at 4.00 p.m. on Monday 17th June 2024 unless it is called-in in accordance with the Decision-Making Process Rules