Purpose

To accept an increase in the rent on
Stonebridge Depot from £222,000pa to £275,000pa with
effect from the 4/12/24 rent review date.

Content

Decision:
In
relation to the lease of Stonebridge Depot, Shalford to The Police
& Crime Commissioner for Surrey dated 4 December 2019, to
approve an increase in the rent from £222,000 per annum to
£275,000 per annum with effect from the 4 December 2024 rent
review.
Reason(s):

1.      
The
proposed settlement represents best consideration.

2.      
The
proposed annual rent secures a substantial increase in the annual
rental income stream for the Council.
Other options considered and rejected by the
Executive:
None.
Details of any conflict of interest declared by the Leader or
lead councillors and any dispensation granted:
None.