Decision details

Salford City Council - Record of Decision

I, Councillor Tracy Kelly, Deputy City Mayor, in exercise of the powers contained within the Salford City Council constitution do hereby:

1. Approve the rent review of the 5th, 6th and 7th Floors at 1 New Bailey at the negotiated rent with effect from 24^th 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 letting of the floors concerned at 1 New Bailey, generating a rental income stream, service charge income and business rates for the City Council.

Options considered and rejected:   n/a

Assessment of Risk: Low

Source of funding:  n/a

Legal Advice obtained:  Rebecca Maddison - Shared Legal Service

Financial Advice obtained: David R Mills - Strategic Finance Manager

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.

Contact Officer:  Stephanie Mullenger - Strategic Asset Consultant             

                           Tel No: 07810 158682

*           This decision was published on Tuesday 13 September 2022

*           This decision will come in force at 4.00 p.m. on Wednesday 21

           September 2022 unless it is called-in in accordance with the Decision

           Making Process Rules.