Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: January 23, 2025

Purpose:

Content: Decision: 1.     Approved the surrender of the current lease over The Bridge, and the subleases over Napoleon’s Passage and the airspace above, between the Council and M. F. Strawson, and simultaneously grant one new lease over The Bridge, Napoleon’s Passage, and the airspace above, for a term of 125 years with a new user provision being Student Accommodation. 2.     Approved the surrender of both leases over Napoleon’s Passage and the airspace above, between the Council and the National Trust, and simultaneously enter into two new leases for a term of 125 years. Reason(s): To provide the Council with a capital receipt of £214,000. All capital receipts generated from General Fund assets will contribute towards the Council’s Financial Recovery Plan to reduce Council debt and achieve a sustainable financial position. Other options considered and rejected by the Committee: None. Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted: None.