Decision details

Surrender and Renewal of Lease at Knights Youth Centre

Decision Maker: Strategic Director: Finance and Investment

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

1.         To agree the surrender of the existing lease and agree to a new 40year lease to be completed this financial year to KYC on the terms set out in recommendation 2 and paragraph 2.2 below;

 

2.         To agree a new grounds lease on terms tied into a Community Service Agreement with a mid-term break to allow for potential redevelopment of the site. The lease will be contracted outside of the Landlord and Tenant Act 1954; and

 

3.          To delegate to the Head of Valuation and Strategic Property in consultation with the relevant cabinet member, authority to agree the final terms of surrender and regrant of the lease and Community Services Agreement in the best interests of the council and residents.

 

Publication date: 10/11/2021

Date of decision: 18/11/2021

Accompanying Documents: