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:

  1. 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.
  2. 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
  3. 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.
  4. 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: