Issue - meetings
Innovation Centre Medway
Meeting: 30/11/2010 - Cabinet (Item 143)
143 Innovation Centre Medway 
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Minutes:
This report sought delegated authority to let vacant space within the Innovation Centre upon commercial terms.
Cabinet had considered a report in November 2008 setting out proposals for letting the commercial floor space within the building. At that time it was proposed the ground and first floors would be operated as an innovation centre and the top floor would be let to one or more anchor tenants. It was now proposed that in order to maximise the buildings potential that the top floor was divided and incorporated within the Innovation Centre facility.
As a standing delegation this would be added to the Employee Scheme of Delegation, as set out in the Council’s Constitution.
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Decision number: |
Decision: |
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207/2010 |
The Cabinet agreed to delegate authority to the Assistant Director (Housing and Corporate Services) to grant licences, tenancy agreements, or leases at the Innovation Centre Medway, on the best terms reasonably obtainable subject to these being for no more than 7 years. |
Reasons:
To enable the Council to act quickly and secure occupational tenants for the Innovation Centre and the consequential rental income.