Issue - meetings
3rd Sector Rent Application for retail premises at 12 Rowanfield Exchange
Meeting: 15/01/2013 - Cabinet (Item 8)
8 3rd Sector Application for Retail Premises at 12 Rowanfield Exchange 
PDF 67 KB
Report of the Cabinet Member Finance
Additional documents:
- 2013_01_15_CAB_Rowanfield_assessment_panel_ HWNP , View reasons restricted (8/2)
- 2012_12_06_AMWG_Rowanfield_appendix, item 8
PDF 451 KB
Decision:
RESOLVED
That the recommendation of the 3rd Sector Panel be accepted and that the Director of Resources be authorised to administer a rent reduction of 60% against the rent of £4,000 pa associated with the lease dated 1st August 2010 between Hesters Way Neighbourhood Project and Cheltenham Borough Council
Minutes:
The Cabinet Member Finance explained that the Council had received a request from Hesters Way Neighbourhood Project that consideration be given to agreeing a rent subsidy for its Community Hub project at 12 Rowanfield exchange. The project satisfied two of the Council’s key objectives of its 3rd sector policy and, as a result, a rent reduction of 60 % was proposed.
The Leader noted that Appendices 2 and 3 were exempt and should Members wish to discuss them a resolution would have to be passed to exclude the press and public in accordance with the Local Government Act 1972 (exempt business).
Members welcomed the proposal and recognised that 12 Rowanfield exchange was a well used facility which
provided a valuable drop-in service to the community.
The Leader of the Council said that this was a case of maximising the value of the Council’s assets to the community as a whole.
RESOLVED
That the recommendation of the 3rd Sector Panel be accepted and that the Director of Resources be authorised to administer a rent reduction of 60% against the rent of £4,000 pa associated with the lease dated 1st August 2010 between Hesters Way Neighbourhood Project and Cheltenham Borough Council