Heritage Assets Update

November 21, 2024 Cabinet (Cabinet collective) Key decision Awaiting outcome View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

...to approve the surrender of the Virgin Money underlease for the Old Library and the variation of the Royal Welsh College of Music & Drama lease, while also approving an open market exercise for the Mansion House with a future decision on its preferred option.

Full council record
Purpose

The report will provide an
update on some of the Council’s heritage assets.

Content

Appendices 1, 2 and 3 of the Cabinet Report are not
for publication as they contain exempt information of the
description contained in paragraphs 14 and 21 of Part 4 and
paragraph 21 of Part 5 of Schedule 12A of the Local Government Act
1972

 
RESOLVED: that
 
i)      
(in relation to the Old Library):
 
a)   
in its capacity as superior landlord, the surrender
of the Virgin Money underlease upon the terms set out at
Confidential Appendix 1 be approved; and
 
b)   
in its capacity as direct landlord, the variation of
the Royal Welsh College of Music & Drama lease upon terms set
out at Confidential Appendix 3 be approved and the legal officer be
authorised to complete the transactions.
 
ii)     
the proposal to undertake an unencumbered open
market exercise for the Mansion House, as set out in this report,
be approved noting that the final decision on the preferred option
is to be considered by Cabinet at a future meeting.
 
 

Related Meeting

Cabinet - Thursday, 21st November, 2024 2.00 pm on November 21, 2024

Supporting Documents

CAB Heritage Assets.pdf
CAB Heritage Assets Appendix 4.pdf

Details

OutcomeFor Determination
Decision date21 Nov 2024
Subject to call-inYes