This report will ask the Board to concur in an agreement officers have reached in connection with outstanding rent reviews under the tenant’s  lease from the Council of the Red Bridge Waste Recycling site.

The report may contain a not for publication appendix.

The Regeneration and Major Projects Manager submitted a report (previously circulated, now appended).  The Board also had before it a not for publication appendix relating to costings.

Resolved that the Council enter into an agreement with Oxfordshire County Council whereby a rent of £20,000 per annum is agreed in respect of the review due on December 2011, and that the earlier outstanding reviews are not pursued by the City Council on the basis that the County Council for its part will not activate the annual rolling break, and will be committed to operating the waste recycling centre for a period of five years from the date of the agreement, unless an alternative site approved by the City Council is located and made operational.