Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Salford City Council - Record of Decision
1. Approve the rent review for the NCP Car Park at New Bailey at the new passing rent calculated by RPI on the agreed terms, with effect from 4th December 2021.
2. Authorise the Shared Legal Service to prepare all necessary documentation and to take all steps which are required to give effect to the above recommendations.
The Reasons are these proposals allow for the RPI rent review calculation for the rent to be paid by NCP, generating generate a rental income stream, service charge income and business rates for the City Council.
Procurement Advice obtained: Anthony Hilton, Strategic Head of Procurement
HR Advice: n/a
Climate Change Implications: This is a CAT A building and is fully compliant with all current building regulation requirements.
The following documents have been used to assist the decision process:
Public Briefing Report submitted to the Property/Regen Briefing on 12 September 2022.
* This decision is not subject to consideration by another Lead Member
or Strategic Director
* This decision was published on Monday 13 September 2022
Publication date: 13/09/2022
Date of decision: 12/09/2022
Decided at meeting: 12/09/2022 - Property / Regeneration Briefing
Effective from: 22/09/2022