Decision details

Decision

RESOLVED to approve

• A new lease with the existing tenant as per Option 1 detailed in the exempt appendix.
• Delegate approval to the Asset Strategy Manager to agree the exact terms of the above legal agreement.

Reason for the recommendations:

·       Granting a new lease at the property will secure the Council’s revenue income from the property at a market rent ensuring best value is achieved in line with the Council obligation under the Section 26 of the Local Government Act.

·       Granting a new lease at the property will provide security to the tenant’s business and secure skilled jobs in the district.