Westway Depot, 50 Harrow Road – Rent Review and Deed of Variation

December 10, 2024 Executive Director of Finance and Resources (Officer) Approved View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

...to approve a Deed of Variation amending the rent review formula and settling the June 2021 rent review for the Council's lease of Westway Depot at 50 Harrow Road, aligning it with the revised formula.

Full council record

Purpose

The decision is to rectify a rent review
formula in the Council’s lease of the subject property
(Westway Depot, 50 Harrow Road) to mitigate the Council’s
rental liability and to settle the June 2021 rent review in line
with the amended rent review formula. 

Decision

Decision taken: The Executive Director
of Finance and Resources has made the decision to approve the Deed
of Variation amending the rent review formula and settlement of the
June 2021 rent review in the Council’s lease of the subject
property (Westway Depot, 50 Harrow Road) in line with the amended
formula.

Supporting Documents

Westway Depot - Rent Review and Deed of Variation Decision Report Final.pdf
Approved ROED.pdf

Details

OutcomeRecommendations Approved
Decision date10 Dec 2024