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Waverley Borough Council Committee System - Committee Document

Meeting of the Executive held on 06/12/2005
Lease of Land at Central Car Park, Farnham



Summary & Purpose
This report seeks approval for a five-year lease to be entered into with National Westminster Bank for the lease of 26 car parking spaces, as shown outlined on the plan annexed.

APPENDIX X
Waverley Borough Council

EXECUTIVE – 6TH DECEMBER 2005

Title:

LEASE OF LAND AT CENTRAL CAR PARK, FARNHAM
[Wards Affected: All Farnham Wards]
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Note pursuant to Section 100B(5) of the Local Government Act 1972

An annexe to this report contains exempt information by virtue of which the public is likely to be excluded during the item to which the report relates, as specified in Paragraph 9 of Part I of Schedule 12A to the Local Government Act 1972, namely:-

Any terms proposed or to be proposed by or to the authority in the course of negotiations for a contract for the acquisition or disposal of property or the supply of goods or services.

Summary and purpose:

This report seeks approval for a five-year lease to be entered into with National Westminster Bank for the lease of 26 car parking spaces, as shown outlined on the plan annexed.

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Environmental implications:

Car parking is at a premium in Farnham. The retention of these spaces will assist in mitigating queuing for places.

Social / community implications:

The provision of these car parking spaces will assist retailing in the centre of Farnham.

E-Government implications:

There are no e-government implications in this report.

Resource and legal implications:

While the rent has increased, Waverley’s overall costs will still be covered by the car parking income obtained. Waverley will bear its own legal costs in this matter.

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Background

1. The current lease held by National Westminster Bank, which was for a period of 15 years, expired on 22 February 2001. Waverley is holding-over the lease on the same terms as the existing. The landlord requires Waverley to enter into a new lease of the 26 car parking spaces, shown on the area outlined on the plan at Annexe 1. Terms of the lease have been agreed and are set out at (Exempt) Annexe 2.
Recommendation

It is recommended that Waverley enters into a new lease of part of the Central Car Park in Farnham, as shown outlined on the attached plan, on the terms and conditions set out in the (Exempt) Annexe, and subject to other terms and conditions to be agreed by the Property and Development Manager.

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Background Papers (DoPD)

There are no background papers (as defined by Section 100D(5) of the Local Government Act 1972) relating to this report.

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CONTACT OFFICER:

Name: A Rhodes Telephone: 01483 523459

comms/exec/2005-06/181