Decision details

That the terms reported in this report be approved and authority granted to instruct the Director of Governance to complete the legal formalities.

That authority be delegated to the Director of Planning and Property to approve any changes to the terms of the letting subsequently agreed.

That approval be granted to issue an early access licence ahead of the completion of the lease to allow occupation to continue.

Reasons for recommendations:

To promote economic growth

Other Other options considered and rejected:

If the terms are not agreed, the tenants will have to move out and the offices left vacant.  Rent and service charge would be lost and there would be additional costs incurred in securing new occupiers.

To proceed without the grant of a lease would place both parties at legal risk.