Issue - meetings

Councillor Garry Perkins, the Cabinet Member for Economy, Regeneration and Skills, and the Chief Executive, submitted a joint report regarding a regeneration opportunity at the Cheney Manor Industrial Estate.

Councillor Perkins introduced the report, setting out its intention to provide much-needed investment to improve the quality of a Council-owned industrial estate unit.  He added that these refurbishments would be paid for through a 20 year agreement with the present tenant, an engineering firm that was seeking to expand its workforce. 

Resolved – That the Director of Law and Democratic Services, in consultation with the Board Director for Resources and Head of Property Assets, be authorised to enter into all necessary documentation, on such terms as he considers necessary to protect the Council’s interests, to enable the grant of a lease of Council owned premises at Cheney Manor as detailed in the main body of the report and as identified in the plan appended to the report, and on the basis that the Council funds further landlord improvements, up to the cost identified in the report, in accordance with the financial arrangements  also detailed in the report.

The reasons for the decision and alternative options are as set out in the report to the meeting.