Decision details

Rent Review for the Secretary of State for Work and Pensions Lease of Part of Civic Centre

Reference: D1197

Decision Maker: Portfolio Holder for Corporate Resources and Performance

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To seek approval to agree the rent reviews at set out in this report in respect of the lease to the Secretary of State for Work and Pensions of Part of Civic Centre dated 11 July 2014.

Decision:

THAT:
1)Approval is given to agree the rent reviews in the amounts as detailed in the report.
2)Delegates authority to the Head of Regeneration and Welfare to sign a rent review memoranda recording the outcome of the rent reviews for 2018, 2019 and 2020 as per the terms of the Lease.

Reasons for the decision:

To allow the Council to agree the rent review as per the lease.
To obtain enhanced income for the Council.

Alternative options considered:

There is no alternative other than to agree the reviewed rents as per the lease as the Council is contractually obliged to agree the rents as per the mechanism.

Publication date: 13/07/2021

Date of decision: 28/06/2021

Accompanying Documents: