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Issue details

St Michael’s Gate Short Term Lease Renewal

The Cabinet Members:

 

1.    Approved the renewal of the current St Michael’s Gate lease until such a time as the acquisition of the freehold has completed, to a value up to and including £499,999.

 

2.    Approved the payment of any related professional fees of £1,950 + VAT.

 

Decision type: Non-key

Decision status: Recommendations Approved

Wards affected: East;

Notice of proposed decision first published: 07/11/2019

Decision due: 7 Nov 2019 by Cabinet Member for Housing, Culture and Recreation, Cabinet Member for Strategic Planning and Commercial Strategy and Investments

Lead member: Cabinet Member for Housing, Culture and Recreation, Cabinet Member for Strategic Planning and Commercial Strategy and Investments

Lead director: Acting Corporate Director Resources

Department: Resources

Contact: Tristram Hill, Strategic Asset Manager 07849 079787 Email: tristram.hill@peterborough.gov.uk.

Consultation process

The Council has been consulted about the purchase of the site however governance is also required concerning a short term lease which supports the decision to acquire the site.

Relevant Scrutiny Committee: Adults and Communities Scrutiny Committee

Decisions