Issue - meetings

City Centre Land Transaction - St Aldate's Chambers

Meeting: 12/07/2023 - Cabinet (Item 21)

21 City Centre Land Transaction: St Aldate's Chambers pdf icon PDF 132 KB

The Executive Director (Development) has submitted a report to seek authority to let the whole or parts of St Aldate’s Chambers.

Cabinet is recommended 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 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 S123 Local Government Act 1972.

Additional documents:

Minutes:

The Executive Director (Development) had submitted a report to seek authority to let the whole or parts of St Aldate’s Chambers.

Councillor Ed Turner, Cabinet Member for Finance and Asset Management reported that a preferred offer for the lease of the building had been received.  The consolidation of staff at the Town Hall had enabled the Council to reduce its costs and carbon footprint, and leasing the now vacant St Aldate’s Chambers would provide a source of income to the Council which could be used to support the provision of services.

Cabinet 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 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 S123 Local Government Act 1972.