Issue details

Appendix 1 contains an exempt schedule because it contains information on tenders submitted in relation to the building of the new London Road (Moy’s End) stand and sustainable skills centre.  The exempt annex is NOT FOR PUBLICATION by reason of paragraph of Schedule 12A of Part 1 of the Local Government Act 1972.  This is because the information is considered to be commercially confidential as the contract has not yet been awarded. The public interest test has been applied to the exempt information and it is considered that the need to retain the information as exempt at this stage outweighs the public interest in disclosing it.  

Key decision:

The Leader approved the letting of a contract to Kier Construction Eastern for the building of a new integrated Sustainable Skills Centre and Moy’s End away stand at the Peterborough United Football Ground owned by the Council. The value of this contract is up to £7.569 million (including contingency).

Non-key decisions:

The Leader:

1.      accepted a surrender of part of the football ground currently demised under two leases to the Peterborough United Football Club Ltd (PUFC) in order to allow building work to commence for the redevelopment of the Moy’s End away terrace;

2.      approved a rent abatement totalling £296,000 during the period of the construction works to reflect loss of income sustained by the football club;

3.      approved a variation in the current lease rent from June 2012 until a new lease is granted to the Peterborough United Football Club to take account of the actual rental value of the land under lease;

4.      authorised entry into an Agreement to Lease with PUFC for the football areas of the new Moy’s End and the remainder of the ground;

5.      granted an interim lease to PUFC from the end of June 2014 until the Council is in the position to grant a new lease for the whole area;

6.      upon completion of the Moy’s End stand works approved the granting of a new lease to PUFC for a term of 25 years at an initial rent of £380,000 per annum and rising to £430,000 per annum on completion of the works to the London Road Terrace;

7.      approved an option to be included within the new lease for the PUFC (as tenant) to apply to the Council to purchase the site at any time during the first 10 years of the lease;

8.      approved a right of pre-emption in favour of the PUFC (as tenant) to be included within the lease entitling the club first refusal to buy the freehold of the ground, within the first ten years of the new lease should the Council decide to sell the ground;

9.      approved a right of pre-emption in favour of the Council in perpetuity to be included within the lease entitling the Council first refusal to buy–back the freehold of the ground should PUFC (as tenant) decide to sell or lease the stadium.