Issue - meetings

Report of the Cabinet Member Finance

RESOLVED THAT

1.    the parcel of open space land outlined in red on the attached plan, Appendix 3, be disposed of by way of lease for a term of 25 years to Cheltenham Saracens Rugby Football Club upon terms and conditions negotiated by the Head of Property & Asset Management and at an annual rent he considers to represent the best that can reasonably be obtained.

2.    documents be entered into as the Borough Solicitor deems necessary or desirable to reflect the terms negotiated by the Head of Property and Asset Management

The Cabinet Member Finance introduced the report which outlined the request by the Cheltenham Saracens Rugby Football Club to extend the pavilion building owned by the Borough which the Club occupied by way of lease. The report concerned a change in the proposed area previously agreed by Cabinet. She highlighted that this was a successful, well used club and the only financial implication was that the lease would in effect restart, i.e. the lease would continue for 25 years compared to the 7 years remaining on the current lease.

Members supported the proposal, emphasising that the site was of great value to the community and the club’s success was testament to this.

RESOLVED THAT

1.    the parcel of open space land outlined in red on the attached plan, Appendix 3, be disposed of by way of lease for a term of 25 years to Cheltenham Saracens Rugby Football Club upon terms and conditions negotiated by the Head of Property & Asset Management and at an annual rent he considers to represent the best that can reasonably be obtained.

2.    documents be entered into as the Borough Solicitor deems necessary or desirable to reflect the terms negotiated by the Head of Property and Asset Management