Issue - meetings
King George’s Field Trust Leases update
Meeting: 06/11/2024 - King George's Field Charity Board (Item 4)
4 King George’s Field Trust Leases update PDF 242 KB
Additional documents:
- Appendix. 1 for King George’s Field Trust Leases update , View reasons restricted (4/2)
- Appendix. 2 for King George’s Field Trust Leases update , View reasons restricted (4/3)
- Webcast for King George’s Field Trust Leases update
Decision:
It was decided that the board would consider this item with the exclusion of the press and public. What was resolved by the board is shown below.
The board were informed by officers that their decision regarding Tenant A could be seen as unreasonable if the matter goes to court in both the delay in arriving at this decision and the decision itself.
RESOLVED that the board:
1. Notes the ongoing discussions with “Tenant A” in respect of outstanding arrears and their lease arrangements and rejects the proposal from the tenant to assign their lease and to offset their arrears as part of the proposed lease assignment and asks that officers investigate recovering the lease and remarketing it.
2. Notes the additional information provided in respect of the lease arrangements for “Tenant B”.
3. Notes the current position with “Tenant C” and agrees their request to assign their lease.
4. Approves the marketing of an arch located in Mile End Park with the outcome to be reported back to the Board at a future meeting to decide on the tenant to be selected and the granting of the lease.
Minutes:
The board received a report that provided an update on the lease arrangements for the King George’s Field Trust (KGFT) retail and rental units, income from which supports the Charity to maintain park land and amenities for the benefit of Tower Hamlets residents.
It was decided that the board would consider this item with the exclusion of the press and public.
The board were informed by officers that their decision regarding Tenant A could be seen as unreasonable if the matter goes to court in both the delay in arriving at this decision and the decision itself.
The board of the trust considered the report and the comments by officers and the Chair of the Trust then moved the recommendations and it was:-
RESOLVED that the board:
1. Notes the ongoing discussions with “Tenant A” in respect of outstanding arrears and their lease arrangements and rejects the proposal from the tenant to assign their lease and to offset their arrears as part of the proposed lease assignment and asks that officers investigate recovering the lease and remarketing it.
2. Notes the additional information provided in respect of the lease arrangements for “Tenant B”.
3. Notes the current position with “Tenant C” and agrees their request to assign their lease.
4. Approves the marketing of an arch located in Mile End Park with the outcome to be reported back to the Board at a future meeting to decide on the tenant to be selected and the granting of the lease.
Meeting: 30/10/2024 - King George's Field Charity Board (Item 4.3)
4.3 King George’s Field Trust Leases update PDF 242 KB
Additional documents:
- Appendix. 1 for King George’s Field Trust Leases update , View reasons restricted (4.3/2)
- Appendix. 2 for King George’s Field Trust Leases update , View reasons restricted (4.3/3)
- Webcast for King George’s Field Trust Leases update