Decision
Analysis
outcome: The Cabinet has delegated authority to the Director for Facilities and Assets to agree terms and procure new commercial leases.
summary: The decision involves delegating authority to agree and procure new commercial leases within specified financial limits.
topline: The Cabinet has decided to delegate authority for agreeing and procuring new commercial leases within specified financial limits.
reason_contentious: This decision may be contentious as it involves financial implications and potential impact on town centre regeneration.
affected_stakeholders: ["Director for Facilities and Assets", "Executive Director (Regeneration and Community Focus)", "Portfolio Holder"]
contentiousness_score: 6
political_party_relevance: There are no explicit mentions of political parties in the decision.
URL: https://moderngov.harlow.gov.uk/ieDecisionDetails.aspx?ID=1067
Decision Maker: Cabinet
Outcome:
Is Key Decision?: Yes
Is Callable In?: Yes
Purpose:
Content: RESOLVED that: A Cabinet delegated authority to the Director for Facilities and Assets to agree terms and thereafter procure the legal completion of new commercial leases, subject to the Executive Director (Regeneration and Community Focus) being satisfied that: i) the subject property isn’t required by the council over the duration of the proposed lease for operational purposes; ii) the terms of the proposed lease are at or better then open market value; iii) entering into the proposed lease would not reduce the retained capital value of the subject property; and iv) entering into the proposed lease would not impede the council in delivering its policy objectives (for example its programme of town centre regeneration). B Cabinet agreed the following financial limits for the grant of commercial leases: i) Up to £150,000 total lease value – Approval by the Executive Director (Regeneration and Community Focus); ii) From £150,000 - £500,000 - Approval by the Executive Director (Regeneration and Community Focus) in consultation with the relevant Portfolio Holder; and iii) Above £500,000 – Approval by Cabinet.
Date of Decision: July 10, 2025