Decision details

This report is not for publication by virtue of paragraphs 8 and 9 of part 1 of Schedule 12A of the Local Government Act 1972, as the report contains information of a commercially sensitive nature.

The Cabinet agreed to grant, subject to decision 404/2003 below, Lordswood Leisure Trust a year's contract extension to 31 March 2005.
The Cabinet instructed officers to immediately enter into detailed lease negotiations with Lordswood Trust and authorised the Director of Finance and Corporate Services to use delegated powers to enter into a lease on the terms set out in the report.
The Cabinet agreed that the lease is to commence as soon as negotiations are finalised at which time the existing contract will be terminated.
The Cabinet agreed that the portfolio holder is fully informed of the progress and that when the lease is signed the management fee referred to in the report is no longer paid with immediate effect.
The Cabinet agreed that within the provision of the lease, space be made available for community projects at no cost.

This decision will enable service continuity whilst contract negotiations are ongoing. Decision 405/2003 will mean that the management fee is paid as a percentage on a pro rata basis.