Issue - decisions
Community Asset Transfer - Granting of Long Leases
05/03/2014 - Community Asset Transfer - Granting of Long Leases
The Cabinet Members agree that
· The Chief Property Officer is authorised to enter in to long-leases of the properties set out within the body of the report at Schedule
o The Leases to be granted subject to:
o The organisation accepting full repairing and insuring terms
· Use being restricted to community purposes and uses ancillary thereto, with the Council having an option for the return of the asset at nil consideration should this use not continue
· Prior to the leases being entered in to, Council officers to be satisfied that the individual occupiers have in place a constitution that is robust and sufficient.
The lease to reserve a market rent. However, the lease will abate the rent to zero on the condition that, every year there is an annual progress report setting out the community benefits achieved, and every five years, the group provides a copy of its constitution, articles of association and other supporting documentation to satisfy the Council that it continues to operate the property for appropriate purposes.