Decision details

Jacob's Wells Baths Community Asset Transfer

Decision Maker: Cabinet

Decision status: Recommendations Approved (subject to call-in)

Is Key decision?: No

Is subject to call in?: No

Purpose:

This report recommends approval of the grant of a 35 year full repairing and insuring lease of Jacob's Wells Baths to Fusion Lifestyle, subject to receipt of an acceptable and sustainable full business plan, and linked to a 5 yearly reviewable service agreement, incorporating within the lease a suitable revenue sharing arrangement.

Decision:

1.         Agreed to approve the grant a 35 year lease, at a peppercorn rent, on a fully repairing and insuring basis, linked to a 5 yearly reviewable service agreement, and with a provision for the Council to share in the future revenue from the project, to Fusion Lifestyle, subject to receiving an acceptable and sustainable full business plan.

 

2.         Agreed to approve the offer of the property in its current condition, to transfer all future liabilities for repairs & maintenance to Fusion, and not to offer a 'dowry' towards the cost of repairing existing defects.

 

3.         Authority was delegated to approve the business plan and enter in to agreement

Report author: John Bos

Publication date: 04/12/2017

Date of decision: 04/12/2017

Decided at meeting: 04/12/2017 - Cabinet

Accompanying Documents: