Decision Maker: Director of Economic Growth and Neighbourhood Services
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
In order to satisfy lottery funding
requirements the existing leaseholder has asked for an extension of
their existing 15-year unexpired lease to run for a period of 30
years.
It is cleaner and simpler to surrender the existing lease and grant
a new 3-year lease.
The Leaseholder has also recently changed their company status to a
‘Society’ name and request that their new identity be
recognised within the Lease.
That the existing unexpired lease be
surrendered and approval be granted of a 30-year lease to the newly
named Society, with all terms under their existing lease being
transferred.
Reasons - The grant of a 30-year lease to the Society will assist
in their application for Lottery Funding which, if successful, will
be used to improve the building and facility at The Forum, Borough
Road.
N/A
Publication date: 08/07/2020
Date of decision: 03/03/2020