Issue - meetings

To consider and receive the report of the Director (Commercial Services).

That the Executive Member for Resources have delegated authority to approve the terms for all leases at the Strawberry Fields Digital Office Hub where the proposed terms are in accordance with commercial rates and the financial model, and to authorise the Director of Governance to complete leases on the approved terms.

Councillor Peter Wilson, Executive Member (Resources), presented the report of the Director (Commercial Services) which seeks authority for the grant of leases for offices at the Strawberry Fields Digital Office Hub. It was noted that 65% of fixed office space had been let or was under offer.

Decision:

That the Executive Member for Resources have delegated authority to approve the terms for all leases at the Strawberry Fields Digital Office Hub where the proposed terms are in accordance with commercial rates and the financial model, and to authorise the Director of Governance to complete leases on the approved terms.

Reasons for Recommendation(s):

To enable terms provisionally agreed with tenants to be approved without the need to wait for a scheduled Cabinet meeting which may lead to delay in the processing of applications where the proposed terms meet local market commercial rates and comply with the Council approved financial model for the facility.

Alternative Options Considered and Rejected:

To report each transaction for cabinet approval will lead to delay in the processing of applications.