Decision details

Medway Innovation Centre

Decision Maker: Cabinet

Decision status: Decision made

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report seeks delegated authority to approve commercial terms for a proposed lease of part of Phase 2 of the Medway Innovation Centre adjacent to Rochester Airport.

Decision:

242/2008 The Cabinet agreed to delegate authority to the Assistant Director Housing and Corporate Services, in consultation with the Portfolio Holder for Finance, to grant a lease of part of the Medway Innovation Centre Phase 2 building at the best terms reasonably obtainable.

Reasons for the decision:

To enable the Council to act quickly to secure a tenant for part of MIC Phase 2 and the consequent rental income.

Publication date: 25/11/2008

Date of decision: 25/11/2008

Decided at meeting: 25/11/2008 - Cabinet

Effective from: 04/12/2008

Accompanying Documents: