Decision details

Cabinet Member approval sought for lease renewal with London Bus Services Ltd (Transport for London).

1.            That this report be exempt from disclosure by virtue of the Local Government Act 1972, Schedule 12A Part 1, paragraph 3 (as amended), in that it contains information relating to the financial or business affairs of any particular person (including the authority holding that information).

2.            That the Cabinet Member for Finance, Property and Regeneration delegated authority to the Executive Director of Finance and Resources to grant the lease renewal to the organisation as referred to in the report, based on the agreed terms as set out in section 4 of the report.

Reasons for Decision 

The decision will provide the Council with a guaranteed income over the term of the lease and also provide the Council with additional sums as set out in the report.