Decision details

Decision

RESOLVED

1.     Delegate authority to the Asset Strategy Manager (ASM) to arrange for an independent rental valuation of the space previously occupied by the RNLI so as to inform future negotiations for the long-term lease of these parts of the Rocket House building. 

2.     Request that the ASM undertakes additional enquiries as to the social, economic or environmental factors, as detailed in the General Disposal Consent Order 2003, prior to agreeing a new long-term lease with the RNLI.

3.     Delegate authority to the ASM to enter into negotiations for the long-term lease of the premises

4.     To prepare a further report to Cabinet once negotiations with the RNLI are finalised to:

·       Ensure Cabinet are satisfied that one or more of the General Disposals Consent Order 2003 criteria is met,

·       Inform the outcome of negotiations as to rent proposed,

·       Inform of the proposed lease Heads of Terms

Reason for the recommendations:

To provide an opportunity to the RNLI tenant, subject due governance and successful negotiation, to return to the building, under a long-term lease following completion of repairs.