Issue - meetings
Solent Sky Museum - Variation to Proposed Lease Terms
Meeting: 16/01/2012 - Cabinet (Item 70)
70 Solent Sky Museum - Variation to Proposed Lease Terms 
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Report of the Cabinet Member for Resources, Leisure and Culture seeking approval for the variation of the approved terms of the lease of the Solent Sky Museum, attached.
Minutes:
DECISION MADE: (Ref: CAB 11/12 7622)
On consideration of the report of the Cabinet Member forResources, Leisure and Culture, Cabinet agreed the following:
(i) To approve an extension of the term of the lease of the Solent Sky Museum to 125 years from 2012.
(ii) To approve the removal of the condition for the Trustees to pay a profit rent.
(iii) To approve a variation to the current agreed terms to enable future redevelopment of the Museum either on the existing site or to enable the Trustees to sell their interest in the site for an alternative use to finance the re-location of the Museum to an alterative site in the City.