Issue - decisions
Community Asset Transfer - Lease of 4 Abbey Street
26/03/2015 - Community Asset Transfer - Lease of 4 Abbey Street
The Cabinet Members agreed
1.1 To grant a tenancy of the building at 4 Abbey Street to 44AD C.I.C. for 16 years at an abated rent for the first 4 years of the term.
1.2 The lease to contain a rent review to open market value, after 4 years and the Council will have the absolute right to determine whether to implement that review or to continue with the abatement.