Decision details

To operate a break option in the lease to the Academy of Contemporary Music over The Electric Theatre.

Decision Maker: Joint Executive Head: Assets and Property

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

The Council wishes to serve notice to bring the current lease to the Academy of Contemporary Music over The Electric Theatre. There is a mutual break option on the 18 June 2023, which requires 12 months’ notice.

If you have any queries, then please contact Mark Appleton who will be happy to provide further information.

Reasons for the decision:

To obtain possession and control of the property.

Alternative options considered:

The decision meets the policy requirements for the Council and there were no alternative options available.

Publication date: 07/07/2022

Date of decision: 15/06/2022

Effective from: 15/07/2022