Purpose

To seek approval from this Committee to
proceed with a marketing exercise to seek leasehold offers the
café.

Content

 

12.1

The Committee
considered a report of the Executive Director of Neighbourhood
Services which sought approval to offer the café at Firth
Park to the market on a leasehold
basis.

 

 

12.2

RESOLVED
UNANIMOUSLY: That the Charity Trustees Sub- Committee
authorises the Head of Property Services to offer the café
to the market on a leasehold basis. and to report back to Committee
following this exercise to decide whether any offers received are
in the best interest of the Firth park
Charity.

 

 

 

 

12.3

Reasons for
Decision

 

 

12.3.1

The proposal to offer the café to the
market will enable other operators to express interest and bid for
the lease. This should assist in achieving a market rental value
for the property although other criteria would be set under which a
decision on leasing would be assessed, based on looking to ensure
that such decision was is the best interests of the
Charity.

 

 

 

 

12.4

Alternatives Considered and
Rejected

 

 

12.4.1

Alternative Option 1: Do
nothing
Reasons for Rejection: The current Tenancy
agreement is effectively a short-term arrangement originally
predicated on the operator’s future plans to retire. It would
not be appropriate to let this Tenancy run on beyond the short
term. A formal lease arrangement would be more appropriate and in
the best interests of the charity.

 

 

12.4.2

Alternative Option 2: Grant a lease to the
current operator
Reasons for Rejection: The cafe has not been
offered to the market for over 15 years, and it is in the interests
of the charity to assess whether other operators may benefit the
charity more than the current
arrangement.