Purpose

Lease to service provider of the property

Decision

That the
Strategic Director of Resources shall:
 
1. 
Authorise the Director of Planning & Growth,
advised by and in consultation with the Head of Property to
enter into the arrangements for the
letting of the building to Agincare
(Southwark) Limited (“Agincare”), the appointed care provider,
entering into a lease to enable the delivery of the Contract for
the Provision of Nursing Care Services and other related issues on
the terms set out in exempt Appendix 1 Closed.
 
2. 
Note the circumstances leading
to the proposed letting and due diligence being undertaken by
officers and their advisors.
 
3. 
Note the financial arrangements of the letting in
supporting the grant of the service provision contract.
 
4. 
Note the conditions of the lease in respect of certain capital
works.
 
5. 
Delegate
to the Director of Planning and Growth, advised by and in
consultation with the Strategic Director of Resources, authority
to:
 
a. 
Complete the letting of the building and
 
b. 
Agree detailed transactional terms pursuant to the
agreed Heads of Terms (see Appendix 1 Closed Report).