Decision details

Redhill, Lease Arrangements - Autumn 2020

Decision Maker: Commercial Ventures Executive Sub-Committee

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider lease arrangements for a Redhill property.

Decision:

RESOLVED that:

1.       the Director of Commercial and Investment, in consultation with the Head of Legal and Governance, the Head of Finance, the Chair of the Commercial Ventures Executive Sub-Committee and the Portfolio Holder for Finance, be authorised to enter into all agreements necessary to transfer the lease of the hotel premises at London Road from Travelodge to a new operator and to enter into an agreement with that new operator as set out in the Part 2, Redhill, Lease Arrangements – Autumn 2020 - Exempt report; and

2.       the transfer of the lease of the hotel premises at London Road to a new operator be exempt from the Council’s Contract Procedure Rules for the reasons set out in the Part 2, Redhill, Lease Arrangements – Autumn 2020 - Exempt report.

Reason Key: Expenditure > £250,000;

Corporate Priorities : A great place to live and work.;

Wards Affected: Redhill East; Redhill West and Wray Common;

Contact: Daniel Jones, Property Services Manager Email: Daniel.Jones@reigate-banstead.gov.uk Tel: 01737276872, Steve McLeod, Principal Asset Manager Email: steve.mcleod@reigate-banstead.gov.uk Tel: 01737 276074.

Report author: Daniel Jones

Publication date: 19/10/2020

Date of decision: 15/10/2020

Decided at meeting: 15/10/2020 - Commercial Ventures Executive Sub-Committee

Effective from: 27/10/2020

Accompanying Documents: