Decision details

The Deputy Leader, Councillor Peter Wilson presented the confidential report of the Chief Executive.  

The Deputy Leader, Councillor Peter Wilson proposed and the Executive Leader, Councillor Alistair Bradley seconded, and it was Resolved (unanimously)

1.      To approve the terms and grant authority to issue instructions to the Director of Governance to complete the Lease to the CFH (North West) Limited, subject to:

a)        Financial checks on CFH (North West) Limited being undertaken by finance and signed off by the Chief Executive;

b)        Parent company guarantee being provided to cover risk of council capital expenditure at lease outset;

Net income after incentives equates to £58,000 per annum, in line with comparable properties on Market Walk and occupies a previously vacant unit.