Decision details

Decision details

Letting of Cadogan House, Wheatley to Vinci Construction UK Limited for a term of 12 months

Decision Maker: Executive Director (Development)

Decision status: Recommendations Approved

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 & 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 Cadogan House, Wheatley subject to the requirements of s.123 Local Government Act 1972 being met.

Decision:

To approve the final terms, as set out in the confidential appendix, and enter into a lease to Vinci Construction UK Limited for a term of 12 months at £200,000.

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; Emma Jackman, Head of Law and Governance; and Councillor Ed Turner, Deputy Leader (Statutory) – Finance and Asset Management.

Publication date: 22/03/2024

Date of decision: 22/03/2024

Effective from: 27/03/2024

Accompanying Documents: