Pre-Decision Scrutiny Questions and officer responses were noted.

DECISION

1.    To grant a new 3-year lease, excluding security of tenure, to the existing occupier of 6 Sutton Street at a rent of £125,000 per annum, subject to an initial 12 month rent free period.

2.    To approve the repayment of £80,000 in arrears by virtue of an up-front payment of £40,000 with the balance payable after 3 months after completion of the lease.

3.    To agree a Schedule of Works with the tenant to be appended to the lease and to be completed within 6-months of completion.  These works are appended at Appendix 1 to the report.

Action by:

CORPORATE DIRECTOR, PLACE (A. SUTCLIFFE)

(Interim Head of Asset Management (S. Shapiro)