155 REDI Centre - Leasing Options
To consider the options for leasing the building.
(In view of the fact that it contains information relating to provisional terms of land disposal under negotiation, this report will not be for publication and will be circulated only to relevant Officers and Members of the Council. In view of this, it is anticipated that discussion of this matter will take place after the exclusion of the public.)
(Report attached)
Additional documents:
Decision:
(Officers undertook to provide Councillor Hartnett with an estimate of the capital value of the property following the meeting.)
(During the consideration of this item, Members discussed matters that necessitated the disclosure of exempt information. It was therefore agreed to move to exclude the press and public prior to any debate on the grounds that information would be revealed which could reveal provisional terms of land disposal subject to negotiation which may affect the Council’s bargaining position with prospective tenants.)
Minutes:
The Committee considered a report which set out a number of options for leasing the REDI Centre building. Following the decision taken previously that an alternative provider be sought for the services at the REDI Centre the current report was seeking to provide certainty to providers as to the nature of the lease they would be expected to take on should they be selected through the tendering exercise.
It was established that the REDI Centre Trust was still nominally in existence but had no building from which to operate and so was not considered to be a significant factor in the leasing of the Centre. It was confirmed that the building was in need of some remedial works before it could again be used to provide a service. Officers explained that the repairs required to be carried out would be a condition on the lease.
Officers undertook to provide Councillor Hartnett with an estimate of the capital value of the property following the meeting.
(During the consideration of this item, Members discussed matters that necessitated the disclosure of exempt information. It was therefore agreed to move to exclude the press and public prior to any debate on the grounds that information would be revealed which could reveal provisional terms of land disposal subject to negotiation which may affect the Council’s bargaining position with prospective tenants.)