Decision Maker: City Mayor (Individual Decision)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To grant of a lease of the former Youth Centre at Marwood Road, Stocking Farm to Community Shop Ltd, which is a social enterprise company within the Company Shop group, and in addition to approve a capital contribution of up to £150,000 towards repairs and the creation of flexible community hiring space.
That Community Shop Ltd be granted a 10 year lease on the former Youth Centre at Marwood Road, Stocking Farm basis of the terms outlined in the report and a capital contribution of up to £150,000 to the Community Shop Ltd to undertake various repairs and alterations. The capital contribution will be funded from existing capital budgets and a contribution from a departmental reserve.
To enable those in the area who are in demonstrable need to access provisions at deeply discounted prices, provide café facilities to Community Shop members and non-members, provide a community hub facility to give life changing training and personal development and a space for community meetings and functions.
The letting will enable the refurbishment of the vacant former Youth Centre. The Council will provide capital investment of up to £150,000 towards such works.
Retain the property for other possible uses as and when the opportunity arises.
Publication date: 22/09/2021
Date of decision: 22/09/2021
Effective from: 30/09/2021
Accompanying Documents: