Issue - meetings
Surrender of Lease and Payment of Reverse Premium - 23 Grosvenor Place, London Road, Bath
Meeting: 14/11/2019 - Council (Item 71)
71 SURRENDER OF LEASE AND PAYMENT OF REVERSE PREMIUM - 23 GROSVENOR PLACE, LONDON ROAD, BATH 
PDF 71 KB
This report seeks approval to the agreement to approve or adapt the Policy and Budget framework, in order to surrender the existing occupational lease at the subject property, subject to payment of a reverse premium by the Council to the tenant.
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Additional documents:
- 11 Appendix 1 LGA Exemption form, item 71
PDF 125 KB
- 11 Appendix 1 EXEMPT Tenant & resident details , View reasons restricted (71/3)
- 11 Appendix 2 - Grosvenor Place HoTs, item 71
PDF 30 KB
Minutes:
The Council considered a report seeking approval to the agreement to approve or adapt the Policy and Budget framework, in order to surrender the existing occupational lease at the subject property, subject to payment of a reverse premium by the Council to the tenant.
On a motion from Councillor Richard Samuel, seconded by Councillor Steve Hedges, it was
RESOLVED to approve that a reverse premium be paid to the tenant in order to obtain vacant possession of a valuable asset, as there is currently no budget for this proposal within the budget framework.
[Notes;
1. The above resolution was carried with 33 Councillors voting in favour, 21 Councillors voting against and 1 abstention.
2. Councillor Lisa O’Brien wished her view recorded that the resolution sought did not accord with Councillor Samuel’s explanation that this decision was solely about an amendment to the budget, the substantive decision being the one presented to him as a single member decision.]
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