Cheshire Farms - Telecommunications Mast Lease
PDF 59 KBDecision Maker: Cabinet Member for Regeneration and Assets
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
A request has been received from Cornerstone Telecommunications Infrastructure Ltd for a new lease for an existing telecoms mast at Oak Farm on the Ridley Farm Estate. The previous lease has terminated.
In conjunction with independent expert consultants commissioned by the Council, terms for a new lease have been negotiated and agreed, subject to approval. The lease makes provision for additional equipment to be added and includes an option to increase the height of the mast, subject to planning consent.
The proposed lease runs for a term of 25 years and generates an initial income of £7,365.50 per annum with rent reviews to be carried out every 3 years to Open Market Value or RPI, whichever is the highest.
Decision:
That a lease be granted on terms to be agreed by the Director of Economic Growth and Prosperity in consultation with the Head of Legal Services.
Publication date: 11/08/2015
Date of decision: 11/08/2015
Decided at meeting: 11/08/2015 - Cabinet Member for Regeneration and Assets
Effective from: 19/08/2015
Accompanying Documents: