Issue details

Blidworth Advanced factory units: buy out of current rent share agreement

 

 

That the portfolio holder approves:

·       The principal of buying out the rent share agreement from Blueprint at the cost of £120,000 up to a maximum of £132,000 (including a 10% contingency) as this represents the maximum financial benefit from the site;

·       A Revenue budget of up to £132,000 to be funded from the Change Management Reserve; and

Delegated authority for the Section 151, Deputy Chief Executive & Director of Resource to negotiate the payment between the values above.

Decision type: Non-key

Decision status: Recommendations Approved

Notice of proposed decision first published: 18/06/2025

Decision due: 18 Jun 2025 by Leader - Portfolio Holder Strategy, Performance & Finance
Reason: That the portfolio holder approves:

To share the information on the valuation of the rent share agreement, and to recommend purchase from Blueprint.

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