Decision details

Lease Approval for Strawberry Meadows

Decision Maker: Executive Cabinet

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

1.    To delegate approval for leases under £100k to the Director (Commercial Services) in consultation with the Executive Member (Resources) where the rents achieved are within the parameters of the approved revenue model

2.    To delegate approval for leases over £100k to the Executive Member (Resources) through an EMD where the rents achieved are within the parameters of the approved revenue model

3.    To approve the draft terms agreed with KA Distribution and delegate minor changes to the lease for KA Distribution to the Director (Commercial Services) in consultation with the Executive Member (Resources)

4.    To set the initial management revenue budget at £80,000 per annum for Strawberry Meadows. This will be recovered from tenants through a Management Fee.

5.    To approve the method of applying increases to the Management Fee as September CPI +1%

Report author: Conrad Heald

Publication date: 20/06/2022

Date of decision: 16/06/2022

Decided at meeting: 16/06/2022 - Executive Cabinet

Effective from: 28/06/2022

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