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Issue - meetings
Unit 1 Bexhill Road Retail Park
Meeting: 03/09/2018 - Cabinet (Item 101)
Unit 1 Bexhill Road Retail Park
Minutes:
Peter Grace, Assistant Director, Financial Services & Revenues presented a report on Unit 1 Bexhill Road Retail Park. The purpose of this report was to advise Cabinet on the outcome of the rent review.
There was urgency in doing this as otherwise it could have been referred to third party determination which would have incurred costs and the outcome may not have been as positive. The decision was made in accordance with the Council’s Special Urgency Provisions.
This is an increase in annual revenue to the Council. The new rent is backdated to March 2018.
Councillor Chowney proposed approval of the recommendations which was seconded by Councillor Lee.
RESOLVED (unanimously) that:
1. To note the rent review has been settled at the sum as detailed in the part two report.
The reason for this recommendation was:The Council’s Financial Rules require Cabinet to determine rent reviews over £100,000. In this instance a decision was taken under Special Urgency Provisions in conjunction with the Leader of the Council and is being reported to Cabinet as required.
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