Issue - meetings

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.