Issue - decisions

Myatt’s Field Park Depot Redevelopment and Lease

06/10/2017 - Myatt’s Field Park Depot Redevelopment and Lease

 

1.            To approve a total of £500,000 (a £250,000 increase from previous allocation) of capital funding to be allocated for the Myatt’s Field Park Depot refurbishment from capital receipts.

 

2.            To agree a 10-year lease, from completion of the works, between Lambeth Council and Myatt’s Field Park Project (MFPP) to use the refurbished depot building for the purposes set out in its business plan, with rent to be a peppercorn rent while MFPP manage the park under the Park Management Agreement or operate the premises under a Community Service Agreement, the purpose of which is to generate income to support the park.