Content

10.1

The committee considered a report of the Executive
Director of City Futures seeking the approval of the Charity
Trustee Sub-Committee acting as Charity Trustee of Norfolk Park
(Registered Charity Number 1040354) (“the Charity”) to
grant a new lease of the Arbourthorne
Lodge (“the Property”) to Amy’s House on the
terms set out in the Appendices to the report after consideration
of the contents of the Qualified Surveyor’s Report and
satisfying itself that the proposed terms are the best that can be
reasonably obtained in the circumstances.

10.2

RESOLVED UNANIMOUSLY:
That the Charity Trustees Sub-Committee:-

1.   
On consideration of the commercial terms and the Qualified
Surveyor’s Report (set out in attached Appendices), agree
that the Trustees are satisfied that the proposed terms are the
best that can be reasonably obtained in the circumstances.

2.   
Approve the lease of the subject property to the tenant based on
the terms set out in this report, subject to the advertising of
notices and consideration by the Sub-Committee of any
representation made in response to the public notices being
advertised.

 

 

10.3

Reasons for Decision

 

The proposal to grant a lease of this property:

• contributes to charity park income

• reduces the charity’s liabilities by passing on
maintenance and repair responsibilities to the tenant

• complies with the statutory provisions contained within the
Act and further with the requirements of the Charity Commission

 

 

10.4

Alternatives Considered and Rejected

 

It is considered that
there are no realistic options here given that property
is
already occupied by
Amy’s House who have invested significantly in
upgrading the
building.