Decision details

Tommyfield Market Shops

Decision Maker: Executive Director for Place & Economic Growth

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.

Other reasons / organisations consulted

The portfolio holder and ward members were consulted as well as officers in legals and finance.

Contact: James Tolan, Principal Regeneration Officer 0161 770 4537 Email: james.tolan@oldham.gov.uk Email: james.tolan@oldham.gov.uk.

Publication date: 05/02/2019

Date of decision: 21/01/2019

Effective from: 13/02/2019

Accompanying Documents: