Agreement of terms in relation to letting of Unit 5 at Castle Quay 2
Decision type: Key
Reason Key: Significant Expenditure or Savings;
Decision status: Recommendations Approved
Notice of proposed decision first published: 30/05/2024
Reason for urgency:
The item wasn’t included on the Forward Plan as the terms of letting were only recently agree following negotiations, so it was not possible to include on the Forward Plan sooner. Failure to approve as soon as possible would result in a delay to concluding the letting and the Council loosing rental income. A further risk is that the proposed tenant pulls out of the transaction if there is a need to delay until the next scheduled Executive meeting, which is currently scheduled for 1 July but will be moved to this being the week of the General Election. In the absence of an Overview and Scrutiny Committee Chairman (to be appointed 13 June), all Overview and Scrutiny Committee members have been notified in writing of this item
Anticipated restriction: Fully exempt - View reasons
Explanation of anticipated restriction:
By virtue of paragraph 3 of Schedule 12 of Local Government Act 1972
Decision due: June 2024 by Executive
Lead member: Deputy Leader of the Council and Portfolio Holder for Finance and Resources
Lead director: Corporate Director Resources
Department: Property
Contact: Mona Walsh, Assistant Director - Property Email: mona.walsh@cherwell-dc.gov.uk Tel: 01295 221602.
Reason No Public Access: Yes - By virtue of paragraph 3 of Schedule 12 of Local Government Act 1972