Modern.gov Content
Issue - meetings
Callowhill Court – consolidation of leases
Meeting: 07/03/2017 - Cabinet (Item 17.)
17. Callowhill Court – new lease 
PDF 125 KB
To obtain approval to consolidate 26 existing long lease agreements, currently held by The Bristol Alliance from Bristol City Council, into a single new lease agreement
Additional documents:
- 17c Callowhill Cabinet EXEMPT appendix C , View reasons restricted (17./2)
- 17b Callowhill Cabinet report and appendix A & B, item 17.
PDF 5 MB
Decision:
1 Agreed that the Council will merge the existing 26 long lease agreements currently held by Bristol Alliance from the Council, into a single new consolidated lease agreement, on the terms described in this paper, in order to enable the future redevelopment of Callowhill Court.
2 Authorised the Strategic Director: Place, to approve completion of the new lease on the following basis; to resolve any other issues in terms of the new lease, including land ownership issues within the scope of the defined land area, subject to:
a. Briefing of the Cabinet Member for Place on due diligence, details of the new lease, legal arrangements, and the contribution of the new lease to the overall regeneration and economic growth in the area.
b. Advice from the Service Director: Place - Property, recommending the terms of the new lease and any other property implications that might affect the Council’s interests as a result of the new lease.
c. The agreed amount paid for the new lease meets the Council’s obligation to achieve best consideration pursuant to s123 of Local Government Act 1972.