Keele Innovation Centre No. 6 - Proposed Delegation of Marketing and Letting Services (exemption paragraph 3)
The Sub-Committee considered proposals to extend the previously authorised Marketing and Letting Services contract with Keele University for Innovation Centre No. 6 (IC6) to include authority to act on behalf of the County Council in executing and completing sub-tenancy agreements. The extended service would be at no extra cost to the Authority.
The current management arrangements of Innovation Centres Nos 1-5 were outlined together with the terms of the extended authority and the anticipated income which IC6 could generate over the next 10 years. Reference was made to the possible need to review the standard tenancy agreement to be applied should individual tenants require more flexible Terms.
RESOLVED - That the Marketing and Letting contract be entered into and extended to permit Keele University to execute and complete sub-letting tenancy agreements on behalf of the County Council on the Terms outlined in the report.