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Decision Maker: Executive Councillor for Transformation
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Approval to proposed surrender and re-grant of 99 year lease.
Matter for Decision: The Council owned the freehold
of a 0.36 ha (0.9 acre) site off Logan’s Way which was currently let to Selwyn
College for use as a boat house. Selwyn College in conjunction with Churchill
College, King’s College and The Leys School, known as the Combined Colleges,
want to undertake a comprehensive re-development of the existing boat house and
had approached the Council regarding the grant of a longer lease to secure
funding. The length of the proposed lease requires Executive Councillor
approval.
Decision of the Executive Councillor for
Finance and Resources
The Executive Councillor resolved to:
i.
Agree
to a surrender of the existing lease and grant of a new 99 year lease to the
Combined Colleges on the terms set out in the officer’s report.
ii.
Delegate
authority to the Head of Property Services to finalise lease terms.
Reasons for the
Decision: As set out in the officer’s report
Any alternative
options considered and rejected: As set out in the officer’s report
Scrutiny
Considerations:
The committee received a report from the Head of Property
Services.
In response to member’s questions the Head of Property
Services said the following:
i.
The under-lease and the sub-lease terms had been
agreed between the Combined Colleges, the Cambridge Rowing Association and the
Cam Rowers.
ii.
Retail Price Index (RPI) was an appropriate
index used to calculate rental income increases.
iii.
Security issues would make public access to the
river frontage difficult. This would be discussed in more detail between the
parties.
The Scrutiny Committee considered the recommendations and
endorsed them unanimously.
The Executive Councillor approved the recommendations.
Conflicts of Interest Declared by the Executive Councillor (and any
Dispensations Granted):
Not applicable.
Publication date: 07/04/2015
Date of decision: 19/01/2015