Decision details
Approve capital spend for conversion of remaining laboratories and ancillary works at The King Centre
Decision Maker: Chief Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To generate additional revenue for the Council
and reduce costs in that responsibility for NNDR payments will pass
to the incoming tenants. A payback period of less than 12 months
renders this a straightforward and economically viable proposal. It
will also provide space for four additional business tenants with
associated economic and employment benefits. Clearly the roof
repair on the first floor is essential to enable these new spaces
to be let and to futureproof the building going forwards.
Decision:
Approval of capital spend for conversion of
remaining laboratories and ancillary works at The King Centre
Alternative options considered:
Option 1 - Leave the units vacant - this is an
option but will result in the Council continuing to pay the NNDR
and the spaces would not generate any income.
Option 2 -
Option 3 -
Publication date: 15/10/2018
Date of decision: 15/10/2018
Accompanying Documents: