Purpose

To
consider the granting of a new lease on premises in Royal Victoria
Place.

Decision

RESOLVED –
 
1.  That the grant of a new lease
based on the key terms set out in the exempt appendix be
approved.
 
2.  That authority be delegated to
the Head of Economic Development and Property in consultation with
the Director of Finance, Policy and Development and the Cabinet
Member for Finance and Performance to agree the final terms of the
lease in Exempt Appendix A be approved.
 
3.  That authority be delegated to
the Head of Legal Services to complete all legal formalities as are
necessary and incidental to the recommendations in this report and
to negotiate, execute and complete the lease and all necessary
agreements and deeds arising from or ancillary or incidental to the
decision be approved.
 
REASON FOR DECISION The
grant of a new lease would enable the retention of the tenant and
delivery of financial income for the Council.