Decision details
Letting of 33-35 George Street
Decision Maker: Executive Director (Development)
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Cabinet, on 15 November 2023, resolved to:
1. Delegate authority to the Executive Director (Development) in consultation with the Head of Financial Services/S151 Officer, the Head of Law and Governance and the Deputy Leader (Statutory) – Finance and Asset Management to agree final terms, negotiate the form of documents and then enter into leases and any ancillary documents required for the letting of 16-17 Turl Street, 24-26 George Street and Cadogan House, Wheatley subject to the requirements of S.123 Local Government Act 1972 being met.
Decision:
To approve the final terms for the letting of 33-35 George Street and enter into a lease, rent deposit deed and alterations letter to JSY Cooperation 15 Ltd (t/a Yori) on a 20 year term.
Reasons for the decision:
Please refer to the report to Cabinet titled ‘Commercial Property Lettings’ dated 15 November 2023.
Alternative options considered:
Please refer to the report to Cabinet titled ‘Commercial Property Lettings’ dated 15 November 2023.
Signed off by senior officers:
Decision taken by Tom Bridgman, Executive Director (Development) in consultation with Nigel Kennedy, Head of Financial Services / S151 Officer; Emma Jackman, Head of Law and Governance and Councillor Ed Turner, Deputy Leader (Statutory) – Finance and Asset Management.
Publication date: 19/01/2024
Date of decision: 18/01/2024
Effective from: 24/01/2024
Accompanying Documents: