Decision details

Tommyfield Market Shops

Decision Maker: Director of Economy

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve a lease strategy for Tommyfield shops

Decision:

RESOLVED - That:
The lease strategy for existing shop tenants be approved in line with recommendations of the report.

Reasons for the decision:

Option 1 - Do nothing. However, this may impact on the business's ability to forward plan and also the Council's redevelopment proposals
Option 2 - To renew existing leases but request in a Court application to insert a break option.
Option 3 -Agree new leases with landlord's break clauses.

Alternative options considered:

Option 1 - Do nothing. However, this may impact on the business's ability to forward plan and also the Council's redevelopment proposals
Option 2 - To renew existing leases but request in a Court application to insert a break option.

Publication date: 05/02/2019

Date of decision: 21/01/2019

Effective from: 13/02/2019

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