Decision details

RE17 0082 - Approval for the extension of lease

Decision Maker: Assistant Director of Trading Services and Assets

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

A community letting was granted for 5 years in April 2016 to the Boxing club but since taking on the lease they have realized that they have very limited funding available to them due to the length of the lease.

Decision:

To proceed with the community lease extension from 5 to 10 years at a rental of £500 pcm for the former Springboard Centre.

Alternative options considered:

Option 1 - To do nothing and limit the clubs funding
Option 2 - To agree to an extension to the lease to 10 years at a sum of £500pcm

Publication date: 21/07/2017

Date of decision: 13/06/2017

Accompanying Documents: