Decision details

JAW/002/20-21 Commercial Rents

DECISIONS CAN BE IMPLEMENTED AT 5PM ON THE DAY THAT A CALL-IN EXPIRES. DECISIONS MAY BE ENACTED AFTER 5PM ON THE DAY PRIOR TO THE DATE INDICATED BELOW IN THE 'EFFECTIVE FROM' COLUMN

Decision Maker: Adur Executive Member for Resources, Worthing Executive Member for Resources

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

The Executive Members have agreed to delegate to the Property and Investment Manager, in consultation with the Head of Finance, authority to renegotiate rental provisions within leases and have discretion to provide rent free periods of up to £15,000 per tenant in any one quarter.

 

Reasons for the decision:

Councillor Elizabeth Sparkes: I approve the recommendation for the reasons set out in the report and following extensive discussion with the Councils' Property and Investment Manager. Such negotiation will allow the Councils to continue to support in Borough business tenants through a time of uncertainty. 

Councilor Angus Dunn: I approve the recommendations in the report for the reasons set out in the report, in particular the continued support of businesses in Adur during the Covid crisis. 

 

Alternative options considered:

Councillor Elizabeth Sparkes: None

Councillor Angus Dunn: None

 

Publication date: 29/06/2020

Date of decision: 29/06/2020

Effective from: 07/07/2020

Accompanying Documents: