Issue - meetings

Report of the Cabinet Member for Culture and Homes seeking approval for the award of a lease and grant to Mayflower Academy Limited as the proposed new tenant and operator for Studio 144 (North).

Report of the Cabinet Member for Culture and Homes seeking approval to enter into a lease and grant to Mayflower Academy Limited as the proposed new tenant and operator for Studio 144 (North). 

RESOLVED

(i)  To grant delegated authority to the Head of Property Services, following consultation with the Service Director: Legal and Business Operations, to finalise the detailed terms and enter into a new 35 year lease with Mayflower Academy Limited for the Studio 144 North facility, subject to all standard processes and due diligence. This lease will be based on the heads of terms agreed between MAL and the Council in appendix 1.

(ii)  To grant authority to the Head of Culture and Tourism to award a grant of £511,250 over two financial years (£221,250 for 20/21 and £290,000 for 21/22) to MAL to deliver community based cultural activity emanating from the Studio 144 north facility.

NOTE:  Councillor Hannides declared a pecuniary interest and withdrew from the meeting for this item.