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Details
Title:
Surrender and re-grant of lease for Priory and Cannon House
Include item on Forward Plan/ Key Decision
No
Urgent Decision - Not in Forward Plan
No
Details for Agenda Sheet
Report of Interim Director, Inclusive Growth
Report of Interim Chief Finance Officer
Report of Interim City Solicitor
Implementation Date (not before meeting on)
Tue 24 Mar 2020
Purpose
This report seeks authorisation to surrender an existing long lease for Priory and Cannon House and grant a new longer lease in exchange for a premium paid to the Council.
The new lease will be granted to the same tenant, Railway Pension Nominees Limited on the terms set out in exempt Appendix 2b. The main change will be an extension of its remaining length from 120 years to 250 years remaining.
Decision Maker
Cabinet Member and Chief Officer
Chief Officer Decision Maker
Decision Maker:
Councillor Ian Ward
Directorate
Inclusive Growth
Decision Outcome
On the 24 March 2020, the Leader and Cabinet Member for Finance and resources:
1. Approved a surrender and regrant of the lease for Priory-Cannon House to the same tenant, Railway Pension Nominees Limited, on the terms set out in exempt Appendix 2b to the report; and
2. Authorised the City Solicitor to negotiate, execute and complete all necessary legal documents to give effect to the transaction.
NB: THE DEADLINE FOR CALL IN IS FRIDAY 27 MARCH 2020 AT 1600 HOURS
Is the Decision Maker Aware of the Decision:
No
Is the Head of Services Aware of the Decision:
No
Is Decision County Wide:
No
Would the recommended decision be contrary to the budget and policy framework:
No
Additional Information
Decision Criteria
This Decision does not contain any decision criteria records.
Topics
This Decision does not contain any Topic records
Overview and Scrutiny
Economy and Skills Overview and Scrutiny Committee
Resources Overview and Scrutiny Committee
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This section displays the history of the Decision.
Decision History
23/03/2020 17:22:26 | Wendy Hill | Business Item Created | |
23/03/2020 17:23:31 | Wendy Hill | Ward Added | Ladywood |
23/03/2020 17:24:14 | Wendy Hill | OS Committee Added | Economy and Skills Overview and Scrutiny Committee |
23/03/2020 17:24:14 | Wendy Hill | OS Committee Added | Resources Overview and Scrutiny Committee |
23/03/2020 17:24:49 | Wendy Hill | Contacts Edited | |
23/03/2020 17:25:12 | Wendy Hill | Committee Added | Cabinet Member and Chief Officer |
23/03/2020 17:25:25 | Wendy Hill | Meeting Added | 24/03/2020 12:00AM |
23/03/2020 17:26:51 | Wendy Hill | Report Added | Document ID 170677: Priory Cannon Exec Report format v11 |
23/03/2020 17:35:45 | Wendy Hill | Status Changed | Decision Proposed [2] |
23/03/2020 17:36:15 | Wendy Hill | General Details Edited | |
Approval/Comments
No history found.