Decision details
Rent Subsidy Request from Third Sector Services
Decision Maker: Cabinet
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
Determine rent subsidy request from third sector services re Sandford Park Offices, College Road
Decision:
RESOLVED that:
- The Trustees of Third Sector Services be granted a full repairing and insuring lease of the above premises for a term of 15 years and at a rent to be stated in the lease of £10,560 per annum (exclusive) and subject to five yearly rent reviews.
- Authority be delegated to the Head of Property & Asset Management, in consultation with the Head of Legal Services, to negotiate and finalise the remaining lease terms with the Trustees of Third Sector Services
- Subject to the Head of Property and Asset Management reaching an early and satisfactory agreement on all lease terms, the subsidised rent of 100% of the rent in accordance with the Council’s agreed Property Lettings and Disposals to the Third Sector policy be approved.
- The subsidy is to be fully reviewed at the same time as the corresponding five yearly rent review dates.
Wards Affected: College;
Scrutiny Committee: EBI
Other reasons / organisations consulted
Asset Management Working Group
Contact: Email: [email protected].
Report author: David Roberts
Publication date: 27/09/2011
Date of decision: 27/09/2011
Decided at meeting: 27/09/2011 - Cabinet
Effective from: 07/10/2011
Accompanying Documents: