Funding for consultancy fees and an additional management surveyor for 6 months associated with the Council's freehold interest in the former Boswells department store
Decision Maker: Executive Director (Development)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Appointment of a management surveyor to protect and maximise the Council’s commercial interests.
To commit expenditure of £75k from the £199k budget to cover consultancy fees and a temporary management surveyor
An opportunity has arisen that would allow the Council to benefit from its freehold interest in the former Boswells department store.
The decision has been taken to fund the appointment of a management surveyor to join the asset management team for 6 months to release capacity to work on this opportunity along with the consultancy fees which will be incurred. This is essential to protect and maximise the Council’s commercial interests. This will also release resource to enable to management of transactional work relating to long leasehold properties.
Alternative options considered:
The alternative option was not to appoint a temporary surveyor, this was rejected as the additional workload cannot be absorbed by the existing team.
Signed off by senior officers:
Seen and approved by Councillor Ed Turner, Cabinet Member for Finance & Asset Management.
Signed off by Tom Bridgman, Executive Director (Development) on 27/07/20.
Publication date: 03/08/2020
Date of decision: 27/07/2020