Decision Maker: Strategy and Resources Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
This will report on the bids received for the
future use of the Charles Cryer Theatre
The Head of Asset Management introduced the report.
Members asked questions about due diligence and status of Cryer Art, Officers advised that due diligence had been conducted and Officers were satisfied that Cryer Arts were the best option following review of financial position and proposed business plan.
1. That the grant of a 25 year lease to Cryer Arts for the Charles Cryer Centre as shown edged red on the plan at Appendix B, at a rent set out in the exempt Appendix A, with terms otherwise as negotiated by the Assistant Director (Asset Planning, Management and Capital Delivery) be agreed
2. That it be agreed in the event of a transaction with Cryer Arts not being achievable within a reasonable time, to agree the grant of a 25 year lease to the underbidders Nickel Support Limited or Carshalton Baptist Church, with first consideration given to Nickel Support at a rent as set out in the exempt Appendix A, with terms otherwise as negotiated by the Assistant Director (Asset Planning, Management and Capital Delivery);
3. That it be agreed in the event of a letting to an underbidder, consent is given to a letting at less than the best consideration reasonably obtainable, as further described in this report; and
4. That the Council’s solicitors be instructed to complete all necessary documentation
Report author: Christopher Rhodes
Publication date: 08/11/2018
Date of decision: 29/10/2018
Decided at meeting: 29/10/2018 - Strategy and Resources Committee