Decision details

Decision details

Amendment to proposed terms of agreement for lease and lease of St Aldate's Chambers

Decision Maker: Executive Director (Development)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Cabinet, on 12 July 2023, resolved to:

1.     Delegate authority to the Executive Director (Development) in consultation with Head of Financial Services / S151 Officer, the Head of Law & Governance and the Deputy Leader (Statutory) – Finance and Asset Management to enter into lease(s) to let the whole or parts of St Aldate’s Chambers to any tenant on terms which fulfil the requirements of s.123 Local Government Act 1972.

 

The Executive Director (Development) on 2 November 2023 (published on 3 November 2023) took a delegated key decision to enter into an agreement for lease, lease and licence for alterations to let the whole of St Aldate’s Chambers in line with the terms set out in the Confidential Appendix to that decision.

Decision:

To approve an amendment to the terms approved by the decision made on 2 November 2023, as set out in the confidential appendix, and enter into the amended agreement for lease, lease and licence to alter to Aurora Energy Research Limited on a 10 year term.

Reasons for the decision:

Please refer to the report to Cabinet titled ‘City Centre Land Transaction: St Aldate’s Chambers’ dated 12 July 2023.

Alternative options considered:

Please refer to the report to Cabinet titled ‘City Centre Land Transaction: St Aldate’s Chambers’ dated 12 July 2023.

Signed off by senior officers:

Decision taken by Tom Bridgman, Executive Director (Development) in consultation with Nigel Kennedy, Head of Financial Services; Emma Jackman, Head of Law and Governance; Jane Winfield, Head of Corporate Property and Councillor Ed Turner, Deputy Leader (Statutory) – Finance and Asset Management.

Publication date: 15/12/2023

Date of decision: 13/12/2023

Accompanying Documents: