Issue - meetings

To consider a report of the Cabinet Member for Reform & Governance.

(Note: this report contains information ‘not for publication’ in its appendices that has been circulated to cabinet members only)

The purpose of this report is to confirm that following closure of the Stopford House 4th Floor canteen area the proposal is to revert to accommodation that can be made available to suitable occupiers to achieve a valuable rental income.

This report provides detail to support the business case that the area is a viable source of rental income once a fit out has taken place for suitable third party occupation.

The Cabinet is recommended to approve:-

·         the 4th floor canteen area be declared as surplus to the Council’s accommodation requirements and made available to suitable organisations to secure a valuable rental income, and

·         the expenditure for the fit out works as detailed in Part 2 of this report are approved, and

·         delegate authority to the Deputy Chief Executive and Borough Treasurer to enter into a lease transaction, as profiled in the tables in the exempt appendix to this report, and

·         subject to negotiation with the incoming tenant on the length of the lease and deciding on the period of borrowing agreed through the delegation.

Officer contact: Charlotte Cordingley, 0161 474 4240, charlotte.cordingly@stockport.gov.uk

The Cabinet Member for Reform & Governance submitted a report (copies of which had been circulated) inviting the Cabinet to approve a proposal to convert the former canteen area of the 4^th floor of Stopford House to accommodation to make it available to suitable occupiers to achieve a valuable rental income.

RESOLVED – That in relation to the 4th floor canteen area of Stopford House

(i)            it be declared as surplus to the Council’s accommodation requirements and made available to suitable organisations to secure a valuable rental income, and

(ii)          the expenditure for the fit out works as detailed in exempt appendix to the report be approved, and

·         authority be delegated to the Deputy Chief Executive and Borough Treasurer to enter into a lease transaction, as profiled in the tables in the exempt appendix to this report, and

·         subject to negotiation with the incoming tenant on the length of the lease and deciding on the period of borrowing agreed through the delegation.

To consider a report of the Deputy Chief Executive.

The purpose of this report is to confirm that following closure of the canteen area the proposal is to revert to accommodation that can be made available to suitable occupiers to achieve a valuable rental income.

The report provides detail to support the business case that the area is a viable source of rental income once a fit out has taken place for suitable third party occupation.

The Scrutiny Committee is invited to provide comments on the recommendations that will be submitted to the Cabinet for approval at its meeting on 31 October 2017, namely:-

·         That the 4th floor canteen area be declared as surplus to SMBC accommodation requirements and made available to  suitable organisations to secure a valuable rental income, and

·         That expenditure for the fit out  works as detailed in Part 2 of this report are approved, and

(1) That authority be delegated to the Deputy Chief Executive and Borough Treasurer to enter into a lease transaction, as profiled in the tables in Part 2 of this report.

(2)   Subject to negotiation with the incoming tenant on the length of the lease and deciding on the period of borrowing agreed through the delegation.

(NOTE: This report contains a confidential Appendix which has been circulated to members of the Scrutiny Committee only).

Officer contact: Charlotte Cordingley on 0161 474 4240 or email: charlotte.cordingley@stockport.gov.uk

The Deputy Chief Executive submitted a report (copies of which had been circulated) confirming that following closure of the canteen area it was proposed to revert to accommodation that can be made available to suitable occupiers to achieve a valuable rental income. The report provided detail to support the business case that the area is a viable source of rental income once a fit out has taken place for suitable third party occupation.

RESOLVED – That the Cabinet be recommended to:

·         Agree that the 4th floor canteen area be declared as surplus to the Council’s accommodation requirements and made available to  suitable organisations to secure a valuable rental income.

·         Approve the expenditure for the fit out works as detailed in Part 2 of the report.

·         Delegate authority to the Deputy Chief Executive and Borough Treasurer to enter into a lease transaction, as profiled in the tables in Part 2 of the report subject to negotiation with the incoming tenant on the length of the lease and deciding on the period of borrowing agreed through the delegation.