Decision details
Surrender of the Council's leasehold interest in The Friary building back to the Landlord, The Principality Building Society
Decision Maker: Director of Economic Development
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Decision:
The Appendices to the report are not for publication as it contains exempt information of the description in Paragraph 14 of Part 4 and Paragraph 21 of Part 5 of Schedule 12A of the Local Government Act 1972
AGREED: that agreement be given to proceed with the surrender of the Council’s lease, the terms of which are confirmed in Appendix 1 to the report, in return for the cancellation of a retrospective Capital Expenditure Invoice from the Principality and the cancellation of estimated Schedule of Dilapidation costs of the amounts specified in Appendix 2 to the report
Reasons for the decision:
To enable the council to be released from it’s obligation to pay the Capital Expenditure Invoice and Dilapidation costs and for the Music Service to continue their service provision from the Friary until their relocation prior to August 2018
Publication date: 31/10/2017
Date of decision: 26/10/2017
Effective from: 08/11/2017
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