The Head of Corporate Property has submitted a report to seek approval to renew the lease of the car park at Oxpens Road.

Cabinet is recommended to:

1.     Approve entering into a new lease with OxWED for the Car Park at Oxpens Road; and

2.     Delegate authority to the Head of Corporate Property in consultation with the Deputy Leader (Statutory) -Finance and Asset Management, the Head of Financial Services, and the Head of Law and Governance to agree the final terms and enter into the lease.

The Head of Corporate Property had submitted a report to seek approval to renew the lease of the car park at Oxpens Road.

Councillor Ed Turner, Cabinet Member for Finance and Asset Management, clarified that the car park was leased from OxWED and operated by the Council.  It provided useful car parking for the city centre and an income stream to the Council, and authority was being sought to continue to lease it for that purpose.

A correction was provided that delegated authority was being sought for the Executive Director (Corporate Resources) to finalise terms and enter into the lease (not the Head of Corporate Property).

Cabinet resolved to:

1.      Approve entering into a new lease with OxWED for the Car Park at Oxpens Road; and

2.      Delegate authority to the Executive Director (Corporate Resources) in consultation with the Deputy Leader (Statutory) -Finance and Asset Management, the Head of Financial Services, and the Head of Law and Governance to agree the final terms and enter into the lease.