Decision

Exemption from publication: There are confidential appendices to this report, which are
exempt by virtue of paragraph 3 of Schedule 12A of Part 1 of Schedule 12a of the Local
Government Act 1972 because they contain information relating to the financial or business
affairs of any particular person (including the authority holding that information).

To agree a new lease at the subject property to the existing tenant.

Reasons for the decision

The terms of the new lease are line with the current market conditions. The additional rent will generate a revenue to support delivery of the Council’s services and meeting the Council’s obligations under Section 123 of the Local Government Act 1972.

Alternative options considered

End the tenancy: the tenant is performing
well so there is no need to search for a new tenant. The nursery places are required in the area.