Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Approval was sought to the finalisation of the lease of land and a building at Belvedere Park Club at a nominal rent to Belvedere Bowls Club for use as a private bowling club and associated pavilion and car park.
It was reported that the lease had originally been agreed in 2012 as part of land transactions to facilitate the provision of 2 Academy Primary Schools in the area. The transaction did not constitute undervalue as the land would normally be rentalised at a cost equivalent to its value. That rental value was being forgone as part of the school development arrangement and the Clubs agreement to fund all out goings and VAT payable now or during the life of the lease.
RESOLVED – That a lease be entered into with Belvedere Bowls Club in accordance with the Terms originally agreed in in 2012
Publication date: 05/09/2019
Date of decision: 04/09/2019
Decided at meeting: 04/09/2019 - Property Sub-Committee
Effective from: 11/09/2019