Issue - items at meetings - Brighton Bathing Pavilion - Lease Agreement

Joint report of the Assistant Chief Executive and Executive Director for Finance & Resources (copy attached).

(1)               That the disposal of the site as shown on Plan 2 attached on a 60 year lease to the preferred bidder, the Karma Royal Group, at a ground rent for 21 years and a market rent thereafter be agreed, and the other terms of which shall be in a form agreed by the Executive Director Finance & Resources, the Assistant Chief Executive and the Head of Law;

(2)               That it be noted that the tenant will redevelop the site for leisure use to a specification to be agreed by the Council; and

(3)               That the Head of Law be authorised to enter into all associated documentation in a form to be agreed with the Executive Director Finance & Resources and the Assistant Chief Executive.

18.1         The Assistant Chief Executive introduced the report which sought approval for the disposal of the former Peter Pan site for the proposed Brighton Bathing facility.  She noted that the results of the marketing exercise had been reported to the Economic Development & Culture Committee in June 2012, where it had been agreed to present the Heads of Terms with the preferred bidder to the Policy & Resources Committee for approval.

18.2         Councillor Bowden welcomed the report and stated that the site had been derelict for too long and he hoped that the proposed development could be delivered and needed regeneration brought to the area.

18.3         Councillor G. Theobald welcomed the investment in the area and hoped that it would be delivered.

18.4         Councillor Morgan also welcomed the report and stated that he hoped the facility would be inclusive and open to all residents of the city.

18.5         The Chair welcomed the level of investment that was being made and stated that he believed it would be open to all.  He then put the recommendations to the vote.

18.6         RESOLVED:

(1)         That the disposal of the site as shown on Plan 2 attached on a 60 year lease to the preferred bidder, the Karma Royal Group, at a ground rent for 21 years and a market rent thereafter be agreed, and the other terms of which shall be in a form agreed by the Executive Director Finance & Resources, the Assistant Chief Executive and the Head of Law;

(2)         That it be noted that the tenant will redevelop the site for leisure use to a specification to be agreed by the Council; and

(3)         That the Head of Law be authorised to enter into all associated documentation in a form to be agreed with the Executive Director Finance & Resources and the Assistant Chief Executive.