Issue - meetings

To consider the attached report of the Strategic Director (Operations and Commercial).

The Head of Assets and Building Control was in attendance to present the report to the committee which had been considered at the meeting of Cabinet on 14 January 2019 and that it was agreed that the use of the Capital Contingency fund to cover the final cost of fitting out the retail units at Market Square, Aylesham be approved (CAB 84).

A summary of the works to date was provided to Members. The retail units, which had residential units above, were constructed as part of the Aylesham Garden Village development. The units were fitted out and the shop fronts were improved with robust, discreet security shutters. The quality of the finished units had been noted by the community and other businesses had approached the council for their advice on making improvements to other shops within the Market Square. To date, two of the five retail units were trading with negotiations underway for the remainder.

The report further provided Members with the costings of the retail unit fit-out, purchase price amounts and the average rental income figures per annum.

RESOLVED:  (a)     That CAB 84 be endorsed.

(b)     That the Head of Assets and Building Control explore where the assets will be placed in the Council’s portfolio.

To consider the attached report of the Strategic Director (Operations and Commercial)

Responsibility: Portfolio Holders for Property Management & Environmental Health and Corporate Resources & Performance

It was agreed that the use of the Capital Contingency fund to cover the final cost of fitting out the retail units at Market Square, Aylesham be approved.