Issue - decisions

The Cabinet considered 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 and agreed that:-

(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.

(Note: this report contained exempt information that was circulated to cabinet members only and the public were excluded from the meeting during consideration of the item).