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.