Issue - meetings

RESOLVED:

1.     That the Cabinet approve a 3-year contract variation to the Main Lease at Dibden Golf Centre, commencing on 1st April 2022 as follows:-

a.     To revise the rent to £100,000.00 per annum with effect from 1st April 2022.

b.     To introduce a break clause, as part of the contract variation, allowing either party to exit the partnership by providing 12 months written notice.

c.      To implement a surplus share arrangement which provides the council with the first £30,000.00 per annum of any surplus generated during the contract variation period. Thereafter, any further surplus generated would be split between parties on a 50/50 basis.

2.     That authorisation is given to the S151 Officer to finalise the necessary documentation to give effect to the above.

REASONS FOR DECISION:

As set out in the report.

KEY DECISION:

Yes.

PORTFOLIO:

Partnering and Wellbeing.

ALTERNATIVE OPTIONS CONSIDERED/REJECTED:

As set out in the report.

DECLARATIONS OF INTEREST(S):

None.

DISCUSSION:

The Portfolio Holder introduced the report and endorsed what he considered a fair outcome for both the Council and the provider.  The ongoing monitoring work by the Member Working Group was highlighted.

The Portfolio Holder for Finance highlighted the importance of maximising Council revenue, in the wider context of a fair and equitable agreement that would secure the future of the Golf Course.