Decision details
RULE 15 New lease of a retail unit in Bath
Decision Maker: Cabinet Member for Resources.
Decision status: Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To seek approval to the letting of a key anchor retail unit within Bath City Centre.
Decision:
The Cabinet Member is asked to;
Approve the new lease of a retail unit within Bath City Centre subject to the provisions contained within the Heads of Terms attached in the exempt Appendix 1 to this report.
Reasons for the decision:
The rationale for the decision is largely on a value for money basis, having considered the risks to the Council of not taking it.
The decision is being made in accordance with Rule 15 of the Council’s constitution. It would generally be an ordinary single member decision but to enable the transaction to complete successfully it is necessary to use the Council’s urgency procedure.
The urgency arises as this decision is required by such a date that it is impracticable to defer the decision until it has been published in the forward plan for 28 days.
Alternative options considered:
Referred to within Appendix 1.
Urgent item?: Yes
Publication date: 22/08/2019
Date of decision: 22/08/2019
Accompanying Documents:
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