Meeting documents

The purpose of this report is to seek Cabinet agreement for a new revised lease for Stoke Park for a longer term including the transfer of 50 acres of freehold land to the Council. 

The Council is the freeholder of the majority of land that forms the Stoke Park estate which is leased under three separate agreements to the tenant.  The tenant has instigated discussions that would result in a new single updated lease being granted in exchange for the current outdated lease conditions being updated as set out in the report. 

The Cabinet were advised that  granting a new lease updated to current standards to replace the existing three leases together with the amended clauses would help to ensure the Council’s interest would be protected. 

Having considered the recommendations in the report, the Cabinet accordingly

RESOLVED that

1)     the current three leases granted for Stoke Park be replaced with a new lease for 350 years on the terms detailed within this report;

2)     the Council accepts the freehold title of 50 acres of land currently owned by the tenant to be included within the new lease; and

3)     authority be delegated to the Head of Environment in consultation with the Resources Portfolio Holder to conclude this matter and any minor changes.