Lead Member – Councillor Steve Charmley – Deputy Leader and Portfolio Holder for Corporate Support

Report of the Director of Place and Enterprise  TO FOLLOW

Contact: George Candler  Tel: 01743 258671

RESOLVED:

i)             That Ludlow Assembly Rooms are granted a 30 – year lease (Lease1) as explained in 4.3 of the report, of the whole building on terms which as far as possible mirror the existing 1992 lease in terms of user restrictions and repairing obligations, with delegated authority to the Head of Business Enterprise and Commercial Services to agree final terms of the lease and to complete the transaction.

ii)            That the Landlord and Tenant will, within 3 months of satisfactory completion of the said three projects highlighted within the report, enter into a 123 year CAT lease (Lease 2) on full repairing and insuring terms, with the Head of Business Enterprise and Commercial Services to agree final terms of the lease and to complete the transaction.

The Deputy Leader and Portfolio Holder for Corporate Support presented a report from the Director of Place and Enterprise summarising the assessment of an application made by the Ludlow and District Community Association Ltd [LAR] to progress to transfer by way of a two part 125 year lease in accordance with the Council’s Community Asset Transfer [CAT] Policy.

Members noted section 3 of the report that detailed the various funding streams and projects that were coming together to provide the opportunity to put the building into a good state of repair and redevelop the ground floor section of the building to include a new box office and a café/restaurant.   He added that the goal to fully transfer this asset would result in the welfare of the Arts in Ludlow being placed fully in the hands of those who would be delivering it.

RESOLVED:

i)             That Ludlow Assembly Rooms are granted a 30 – year lease (Lease1) as explained in 4.3 of the report, of the whole building on terms which as far as possible mirror the existing 1992 lease in terms of user restrictions and repairing obligations, with delegated authority to the Head of Business Enterprise and Commercial Services to agree final terms of the lease and to complete the transaction.

ii)            That the Landlord and Tenant will, within 3 months of satisfactory completion of the said three projects highlighted within the report, enter into a 123 year CAT lease (Lease 2) on full repairing and insuring terms, with the Head of Business Enterprise and Commercial Services to agree final terms of the lease and to complete the transaction.