Issue - meetings
Letting of Unit at Marriotts Walk
Meeting: 12/06/2024 - Executive (Item 198)
Letting of Unit at Marriott's Walk
Purpose:
To request approval of the lease terms proposed for Unit 6 Marriott’s Walk and request that Council approves the allocation of capital funding for Landlord’s works.
Recommendations:
That the Executive resolves to:
- Approve the terms of the lease for Unit 6 Marriott’s Walk;
- Delegate authority to the Chief Finance Officer, in consultation with the Deputy Leader and the Executive Member for Finance to approve any changes to the final terms of the lease;
- Recommend to Council to approve the addition of the capital programme for the landlord’s fitout works.
Additional documents:
- Restricted enclosure 2
- Restricted enclosure 3
- Restricted enclosure 4
Minutes:
Councillor Duncan Enright, Deputy Leader of the Council and Executive Member for Economic Development, introduced the report, which requested approval of the lease terms proposed for Unit 6 Marriott’s Walk and requested that Council approved the allocation of capital funding for Landlord’s works.
In debate, the Executive highlighted the wider, positive benefits that the letting of the unit would bring to Witney and the surrounding area, including increased social interaction, higher levels of local employment and an increased offering of apprenticeships. The Executive also highlighted the benefits of increased revenue generation for the Council, and improve overall footfall and business activity across Witney.
At the invitation of the Leader, Councillor Michele Mead, attending as a non-Executive Member, queried if the stated figure contained within the original report was a final figure the full allocation of capital funding for landlord’s works, and if there were plans for the remaining empty units within Marriott’s Walk.
Andrew Turner, Business Manager for Assets and Council Priorities, confirmed that the figure stated was correct, and that it contained a small amount of contingency funding for any associated works.
Councillor Duncan Enright, Deputy Leader of the Council and Executive Member for Economic Development, affirmed that negotiations were ongoing regarding every single unit within Marriott’s Walk being occupied, and that a wider project was underway to ensure that empty units across the town were not empty for a moment longer than necessary.
Councillor Duncan Enright proposed that the Executive agree to the recommendations as listed on the report. This was seconded by Councillor Alaric Smith, was put to a vote, and was unanimously agreed by the Executive.
The Executive Resolved to:
- Approve the terms of the lease for Unit 6 Marriott’s Walk;
- Delegate authority to the Chief Finance Officer, in consultation with the Deputy Leader and the Executive Member for Finance to approve any changes to the final terms of the lease;
- Recommend to Council to approve the addition of the capital programme for the landlord’s fitout works.