Accommodation Grants Program Lease Renewals - Australian Design Centre and Darlinghurst Theatre Company

Decision Maker: Council

Decision status: Recommendations Determined

Decision:

It is resolved that:

(A)      Council approve a renewal of the Accommodation Grant for Darlinghurst Theatre Company, Eternity Playhouse, 39 Burton Street, Darlinghurst for up to five years from July 2021 to June 2026 on a rental level as outlined below noting all amounts are per annum:

 

Market rent

Subsidy level

Subsidy amount

Rent to be paid

Year 1

$190,962

63%

$120,306

$70,656

Year 2

$196,691

63%

$123,915

$72,776

Year 3

$202,592

63%

$127,633

$74,959

Year 4

$208,669

63%

$131,462

$77,208

Year 5

$214,929

63%

$135,406

$79,524

(B)      authority be delegated to the Chief Executive Officer to negotiate, execute and administer agreements with any organisation approved for an Accommodation Grant on terms consistent with this resolution and in accordance with the Grants and Sponsorship Policy; and

(C)      authority be delegated to the Chief Executive Officer to determine, negotiate, execute and administer an Accommodation Grant agreement with Australian Design Centre, 101-111 and 113-115 William Street, Darlinghurst, in relation to the agreement, in accordance with Clause 4.35 of the City of Sydney Code of Conduct.

Carried unanimously.

S123796

 

Report author: Jemma Watson

Publication date: 09/12/2019

Date of decision: 09/12/2019

Decided at meeting: 09/12/2019 - Council

Accompanying Documents: