Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: October 29, 2024

Purpose: To seek approval from Cabinet Members to the proposed subletting of office space at Number One Riverside, with internal reorganisation of RBC staff and internal alterations.

Content: The Cabinet considered a report of the Director of Economy and Place which provided an update on interest received from a third party to take a lease of part of Number One Riverside, Smith Street, Rochdale. The report also sought approval to proceed with the letting, should the interested party intend to proceed with it.   Resolved that the recommendations outlined at point 2 of the report be agreed.   Reason for decision: As outlined at point 3 of the report.   Alternatives considered and rejected: Not to enter into a lease with the interested party. This would result in the potential to raise significant rental income for the Council for a minimum period of five years and possibly ten years being lost.