Issue - meetings

Renewing the Lease of Nursery Premises, Kingfisher Primary School

 

 

Meeting: 08/08/2023 - Cabinet (Item 5)

5 Renewing the Lease of Nursery Premises, Kingfisher Primary School pdf icon PDF 132 KB

Additional documents:

Minutes:

Background:

 

This report asked Cabinet to delegate authority to renew the lease for the nursery premises at Kingfisher Primary School when the current lease expired on 29 January 2024.

 

The report advised that the market rental value of the premises was in excess of £20,000 per annum and therefore was beyond officer and Director delegated limits contained in the Council’s Delegation Scheme. Cabinet approval was therefore required to authorise the proposed lease transaction.

An Exempt Appendix to the report set out the exact market value of the premises.

Decision

number:

 

Decision:

 

126/2023

The Cabinet agreed to delegate authority to the Director of Place, in consultation with the Portfolio Holder for Housing and Property, to grant a lease at Kingfisher Nursery on the best terms reasonably obtainable at an annual rent, as set out in the Exempt Appendix to the report.

 

Reasons:

To secure the market rent for the property and make a positive contribution to the revenue income of the authority whilst retaining the nursery facility for the benefit of the local community.