Issue - meetings

Odeon Lease Agreement

Meeting: 24/06/2019 - Cabinet (Item 9)

9 Odeon Lease Agreement pdf icon PDF 87 KB

Minutes:

Consideration was given to a report of the Deputy Chief Executive which sought approval for a (Deed of) Variation to the Lease agreement between the Council and Odeon Cinema, in Oldham Town Centre, following changes to the previously-agreed customer parking provision (in conjunction with the demolition of Hobson Street car park).

 

The Cabinet were informed that the Odeon and Oldham Council entered into a Lease Agreement on 21 March 2014, which documented the construction and letting of the Cinema. There was a condition agreed whereby the Council had to nominate a car park (Hobson Street) to provide parking for use by Cinema customers within the town centre environment.

 

Unfortunately, Hobson Street car park had been condemned and, for health and safety reasons, had to be demolished. This resulted in the Council needing to find alternative car parking provision. This was currently being provided with the Town Square car park, but a long-term solution was now required under the Lease Agreement.

 

Options/Alternatives considered:-

These were set out in the report in the restricted part of this agenda.

 

RESOLVED that – the Cabinet would consider the commercially sensitive information contained at Item 17 of the agenda.