Decision details

RESOLVED:1)       That the principle of the proposed short-term interim management arrangements for the King’s Lynn Innovation Centre as set out within this report be approved and delegated authority be granted to the Assistant Director Regeneration & Property, in consultation with the Portfolio Holder – Business Development, to finalise terms in line with market rates for such a service

2)       That Authority be delegated to the Assistant Director Regeneration & Property, in consultation with the Portfolio Holder – Business Development, to identify and secure (potentially by way of a formal contract) a longer term management arrangement for the King’s Lynn Innovation Centre; and

3)       That Authority be delegated to the council’s legal services provider to draft and complete the necessary legal and contractual documentation necessary for the interim and longer term management arrangements for the King’s Lynn Innovation Centre.

Reason for Decision

The Council is in the process of taking (or has taken) possession of the King’s Lynn Innovation Centre (KLIC).  It is important that the business occupiers of the KLIC building are not adversely affected by the formal possession proceedings being undertaken by the Borough Council.  The Council is seeking a low-impact, seamless transfer both in the interim and the longer term.  The Council will need to assess, and secure, the most efficient and cost-effective way of managing the facility in the future