Decision details

1.1.      That the Council enter a 125- year lease (of land and premises shown on the plan attached as Appendix 2) with the London Diocesan Fund (‘LDF’). The Council would receive a premium plus a rent under the proposed lease for LDF (details of which are given in the exempt part of the report comprising Appendix 1).  The Council would terminate the current tenancy at will that is in place following the tenant holding over from their previous lease expiring in 2012.

1.2.      That delegated authority be given to the Director for Building and Property Management, in consultation with the Cabinet Member for Environment, Transport and Residents’ Services and the Cabinet Member for Finance, to finalise the property transaction. 

1.3.      That delegated authority be given to the to the Bi-Borough Director for Safer Neighbourhoods, in consultation with the Cabinet Member for Environment, Transport and Residents’ Services and the Cabinet Member for Finance, the consideration of any comments or objections that arise from public notification of the proposed disposal, under the lease, of open space (largely comprising circulation space adjoining the property ‘Pryor’s Bank’).  (This public notification is a statutory requirement explained in clauses 4.5, 8.2 and 8.3 of this report).