Issue - meetings

Consideration has been given to the surrender of the current lease of Site 2 Saltmeadows Road, East Gateshead Industrial Estate from JFS Business Services Limited (“the Tenant”) and the grant of a new 125 year lease to the Tenant.

RESOLVED -

(i)

That the grant of a new 125 year lease to JFS Business Services Limited, from a date to be agreed, at a rent of £4,000 per annum, with a 5 year rent review pattern be approved.

(ii)

That the Strategic Director, Corporate Services and Governance be authorised to agree the detailed terms.

The above decisions have been made to manage resources in accordance with the provisions of the Corporate Asset Strategy and Management Plan.