To consider and receive the report of the Director (Business, Development and Growth).

1.    To grant a 25-year lease to Buckshaw Bunnies Childcare Ltd. on the terms set out below.

2.    To seek authority to issue instructions to the Chief Legal Officer for the completion of a Lease.

Councillor Peter Wilson, Executive Member (Resources), presented the confidential report of the Director (Business Development and Growth) which seeks approval of the provisionally agreed terms for the grant of a new 25-year lease of 90 Railway Road Adlington to Buckshaw Bunnies Childcare Ltd.

Decision:

1.    To grant a 25-year lease to Buckshaw Bunnies Childcare Ltd. on the terms set out in the report.

2.    To seek authority to issue instructions to the Chief Legal Officer for the completion of a Lease.

Reasons for Recommendation(s):

1.    The grant of the lease will bring the premises back into economic use and provide nursery provision for the local residents

2.    The responsibility for the refurbishment, repair and ongoing maintenance liability will rest with the tenant

Alternative Options Considered and Rejected:

None.