Decision Details

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This section allows you to view the general details of a Decision

Details

Status:
Implemented
Title:
Letting of West Car Park, NEC
Include item on Forward Plan
Yes
Is Key Decision
No
Item Contains Exempt/Private Reports
No
Reference:
013125/2024
Urgent Decision - Not in Forward Plan
No
Details for Agenda Sheet
Report of Strategic Director, Place Prosperity & Sustainability
Implementation Date (not before meeting on)
Thu 25 Jul 2024
Purpose
To seek approval to let the car park on a 10 year lease following an open market tender exercise.
Key Portfolio
Deputy Leader and Economy & Skills
Decision Maker
Chief Officer Decision Maker
------ N/A ------
Reason For Key Decision
Letting of the car park will generate ongoing rental income in excess of £650,000 per annum.
Relevant Documents
Decision Type:
Committee
Decision Maker:
Cabinet Committee – Property
Directorate
Place Prosperity & Sustainability
Other Information
Private Reason

3. Information relating to the financial or business affairs of a particular person (including the authority holding that information).

Decision Outcome

On 25 July 2024, Cabinet Committee – Property:-

 

(i) Authorised the Assistant Director of Investment & Valuation to conclude the letting of the property on the recommended terms as set out in Exempt Appendix 4 to the report;

 

(ii) Authorised the City Solicitor to prepare, negotiate, execute, and complete all relevant legal documentation to give effect to the above.

 

 

THE DEADLINE FOR CALL IN IS 1600 HOURS ON WEDNESDAY 31 JULY 2024.

 

Would the recommended decision be contrary to the budget and policy framework:
No
Decision Options:

Additional Information

Reg 10
Reg 11

Decision Criteria

This Decision does not contain any decision criteria records.

Wards

This Decision does not contain any Ward records.

Topics

This Decision does not contain any Topic records

Overview and Scrutiny

Economy, Skills and Culture Overview and Scrutiny Committee

This section allows you to view the reports for the Decision.

Reports

  1. pdf CCP Report Letting of West Car Park NEC (204Kb)
    1. pdf Appendix 1 (Lease Plan) (317Kb)
    2. pdf Exempt Appendix 2 - Private Report
    3. pdf Exempt Appendix 3 - Summary of Bids Received - Private Report
    4. pdf Exempt Appendix 4 - Heads of Terms - Private Report
    5. pdf Appendix 5 - EIA000471_Letting of West Car Park NEC (648Kb)

This section displays the history of the Decision.

Decision History

Date & Time CreatedUser Full NameStatus DescriptionDetails
12
 Page 1 of 2, items 1 to 10 of 13.
24/06/2024 11:29:07Ghalub Hussain Business Item Created 
24/06/2024 11:29:07Ghalub Hussain Committee AddedCabinet Committee – Property
24/06/2024 11:29:07Ghalub Hussain Meeting Added25/07/2024 1:00PM
24/06/2024 11:30:18Ghalub Hussain OS Committee AddedCorporate & Finance Overview and Scrutiny Committee
24/06/2024 11:30:18Ghalub Hussain OS Committee AddedEconomy, Skills and Culture Overview and Scrutiny Committee
24/06/2024 11:31:15Ghalub Hussain Contacts Edited 
24/06/2024 11:35:18Ghalub Hussain Consultation/Comments Edited 
24/06/2024 11:37:38Ghalub Hussain Status ChangedDecision Scheduled [1]
16/07/2024 16:20:15Ghalub Hussain OS Committee RemovedCorporate & Finance Overview and Scrutiny Committee
16/07/2024 16:21:02Ghalub Hussain Report AddedDocument ID 256703: CCP Report Letting of West Car Park NEC - Public Report

Approval/Comments

No history found.