Decision details

To agree an early surrender of the lease

RESOLVED THAT

1.    the early surrender of the lease between Cheltenham Borough Council and Oakley Regeneration Partnership be agreed to enable the Council to assume operational responsibility of the building from 1.11.16.

2.    authority be delegated to the Head of Property and Asset Management to enter into a surrender agreement with Oakley Regeneration Partnership that protects the council’s interests with regard to dilapidations, that permits entry for CBC staff onto the premises from 1 November 2016 and that ensures all rents paid in advance are divided appropriately between ONP and CBC.

3.    authority be delegated to the Head of Property Services to agree terms with Cheltenham Borough Homes Ltd and Gloucestershire Care Services to secure occupation by those organisations until the expiry date of their existing sub-underleases, upon substantially the same terms as those in the existing sub-underleases granted by ONP to Cheltenham Borough Homes Ltd and Gloucestershire Care Services.