Issue - meetings

Consideration has been given to the terms of a lease renewal of the Sage Gateshead to North Music Trust (NMT). 

RESOLVED -

That the terms for a lease renewal of the Sage Gateshead to North Music Trust, as set out in the report be approved and the Strategic Director, Corporate Services and Governance be authorised to agree the detailed terms.

The above decision has been made for the following reasons:

(A)

To secure the use of the building for the next 20 years.

(B)

To manage the assets of the Council’s non-operational portfolio in line with the Corporate Asset Strategy and Management Plan 2015 -2020.

(Councillor Gannon declared a personal and non-pecuniary interest in the above matter because he is a Trustee of North Music Trust and withdrew from the meeting whilst the matter was under consideration. Councillor Donovan took the Chair for this item).