Purpose

The
Council Plan sets out the Council’s ambition to minimise
the burden of local taxation, delivering the agreed priorities for
residents within the approved budget and capital
programme.
The Council maintains an
Asset Management Policy and Strategy that details how the
Council’s Assets will be managed and developed to deliver
against the targets within the Council Plan.
An objective of the Asset
Management Strategy is to acquire, manage, maintain and dispose of
property effectively, efficiently and sustainably, together with
optimising financial and commercial opportunities.

Decision

The Cabinet
Member for Finance and Property has approved that:

(1) 
the County Council grants a new 10-year lease
of the former East Preston Youth Centre to a new tenant subject to
contract and agreement of final terms, as set out in Appendix A
(for Members only); and
(2) 
authority is delegated to the Assistant Director (Property and
Assets) in conjunction with the Executive Director of Law,
Assurance and Insight to negotiate and conclude the terms of the
lease.