Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To agree the outcome of a rent
review.
Decision:
Approved an increase in the rent from £174,144 per annum to £278,500 per annum with effect from the 3 February 2024 rent review.
Reason(s):
1. The proposed settlement represents best consideration.
2. The proposed annual rent secures an excellent increase in the annual rental income stream for the Council.
Other options considered and rejected by the Committee:
None.
Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted:
None.
Report author: Charles Wood
Publication date: 24/01/2025
Date of decision: 23/01/2025
Decided at meeting: 23/01/2025 - Executive
Effective from: 01/02/2025
Accompanying Documents: