Issue - meetings

Recommendations

1)    To seek approval from the Executive to enter into the agreement to lease for five years with the prospective tenant.

2)    To also seek approval from the Executive to give delegated decision-making power on all future tenancies over 5 years for the Whitby Maritime Training Hub to be granted to the Corporate Director of Resources in consultation with the Corporate Director of Environment.

Considered – A report of the Corporate Director of Community Development in which approval was sought to enter into a tenancy agreement for a commercial space within the Whitby Maritime Training Hub development for the length of five years pursuant to the Whitby Urban Council Act 1905.  Delegated authority was requested to be granted to the Corporate Director of Resources, in consultation with the Corporate Director if Environment and the Executive Member for Finance and Resources, to be able to complete tenancy agreements for all commercial units within the development.

The Executive Member for Open to Business, Councillor Mark Crane, welcomed the report and confirmed that work had started on construction of the Whitby Maritime Training Hub.  Tenants were being sought for the Hub and one party was now ready to sign an agreement to lease for 5 years.  In order to achieve financial security for the Council and companies a 5 year lease was proposed.  The council had received representation that a 3 year lease should be offered, however the Council did not agree as this would make investment into the facility less desirable for the tenant.

Resolved (unanimously)

1)    That Executive approve to enter into the agreement to lease for five years with the prospective tenant.

2)    That Executive give delegated decision-making power on all future tenancies over 5 years for the Whitby Maritime Training Hub to be granted to the Corporate Director of Resources in consultation with the Corporate Director of Environment and the Executive Member for Finance and Resources.