Purpose

To consider the proposed new
arrangement.

Content

Decision:
To grant a new 25-year lease of
Castle Restaurant and Unit 1, Castle Car Park, Sydenham Road,
Guildford to Thairama Limited on the terms set out in Appendix 1
(Exempt Information) of this report.
 
Reason(s):

1.                    
The proposed new lease represents best consideration
and provides security of income for the Council.

2.                    
Granting the proposed new lease prevents additional
external agents and court costs being incurred from an application
to court to resolve the renewal, or costs associated with a vacant
unit should the tenant not accept any alternative terms.
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.