Agenda and decisions

To receive any apologies for non-attendance and details of Member substitutions.

To confirm as a correct record the minutes of the meetings held on 15 September 2025 and 29 September 2025

To receive any disclosures of interest from members in accordance with the Members’ Code of Conduct.

The Chair, or his nominee, to answer any questions raised by members of the public in accordance with Standing Order 40.

At the time of publication of this agenda no questions were received.

To consider any urgent action that have arisen since last meeting.

To note the Forward Plan for future Commercial Assets Sub-Committee business.

To move the exclusion of the Press/Public for the following items, in view of the likely disclosure of exempt information within the meaning of Part 1 of Schedule 12A to the Local Government Act 1972, as amended by the Local Government (Access to Information) Act 1985 and by the Local Government (Access to information) (Variation) Order 2006.

Committee is asked to:

1.    Approve the lease renewal to the existing tenant as set out in the report and Appendix 1;

2.    Authorise the Group Head of Assets in consultation with the Chair and Vice-Chair of the Commercial Assets Sub-committee to agree to any variations to the proposed terms; and

3.    Authorise the Group Head of Corporate Governance to enter into the Lease and any associated legal documentation.

The Sub-Committee resolved to:

1.    Approve the lease renewal to the existing tenant as set out in the report and Appendix 1;

2.    Authorise the Group Head of Assets in consultation with the Chair and Vice-Chair of the Commercial Assets Sub-Committee to agree to any variations to the proposed terms; and

3.    Authorise the Group Head of Corporate Governance to enter into the Lease and any associated legal documentation.

Committee is asked to:

1.    Approve the proposed reversionary lease on the terms set out in the report;

2.    Authorise the Group Head of Assets in consultation with the Chair and Vice-Chair of the Commercial Assets Sub-Committee to agree to any variations to the proposed terms; and

3.    Authorise the Group Head of Corporate Governance to enter into the Lease and any associated legal documentation.

The Sub-Committee resolved to:

1.    Approve the proposed reversionary lease on the terms set out in the report;

2.    Authorise the Group Head of Assets in consultation with the Chair and Vice-Chair of the Commercial Assets Sub-Committee to agree to any variations to the proposed terms; and

3.    Authorise the Group Head of Corporate Governance to enter into the Lease and any associated legal documentation.

Committee is asked to:

1.    Approve the variation to the lease terms as set out in the report;

2.    Authorise the Group Head of Assets in consultation with the Chair and Vice-Chair of the Commercial Assets Sub-Committee to agree any variations to the proposed terms (if required); and

3.    Authorise the Group Head of Corporate Governance to enter into the deed of variation and any ancillary legal documentation.

The Sub-Committee resolved to:

1.    Approve the variation to the lease terms as set out in the report;

2.    Authorise the Group Head of Assets in consultation with the Chair and Vice-Chair of the Commercial Assets Sub-Committee to agree any variations to the proposed terms (if required); and

3.    Authorise the Group Head of Corporate Governance to enter into the deed of variation and any ancillary legal documentation.

To receive an update on properties within the Commercial portfolio.

To receive an update on Asset Rationalisation.