Decision details

Decision:

To approve the grant of the lease as laid out within the report.

Reason(s):

1.       The proposed lease terms represent best consideration.

2.       The proposed annual rent secures an income stream for the Council for 25 years and avoids vacant property costs.

3.       The grant of the proposed lease ensures continuity of occupation and demonstrates effective estate management of the portfolio. 

Other options considered and rejected by the Executive:

None.

Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted:

None.