Decision:
RESOLVED that Cabinet:-
1. Approve the new lease term of 75-years and to note the clarification around the proposed leased area subject to the Head of Property Services being satisfied that the prospective tenant has shown a need for a lease term of 75 years and has the capacity to manage the asset for the full term; and
2. Agree that the previous delegated authority granted to the Service Director (Regeneration and Culture) working in conjunction with the Head of Property, to finalise the Heads of Terms shall remain; and
3. Agree that the delegated authority previously granted to the Service Director (Law and Governance) to complete the lease shall remain in place.
Minutes:
RESOLVED that Cabinet:-
1. Approve the new lease term of 75-years and to note the clarification around the proposed leased area subject to the Head of Property Services being satisfied that the prospective tenant has shown a need for a lease term of 75 years and has the capacity to manage the asset for the full term; and
2. Agree that the previous delegated authority granted to the Service Director (Regeneration and Culture) working in conjunction with the Head of Property, to finalise the Heads of Terms shall remain; and
3. Agree that the delegated authority previously granted to the Service Director (Law and Governance) to complete the lease shall remain in place.