Decision Maker: Council
Decision status: Recommendations Determined
It is resolved that:
(C) Council note the City has not provided an annual rating for The Roman Catholic Church for The Archdiocese of Sydney (Catholic Care) for the property at 1b Cathedral Street, Woolloomooloo as the lease is currently on monthly holdover;
(D) Council approve the new subsidy and grant level for the Australian Design Centre at 101-111 and 113-115 William Street, Darlinghurst for their previously approved five year lease for the period 1 July 2022 to 22 March 2026 on the following rental subsidy:
|
Market
Rental Value |
Grant
Subsidy (Rounded) |
Grant Amount |
Rent to be
paid |
Pro rata Year 2 01/07/22 – 22/03/23 (265 days) |
$215,668 |
100% |
$215,668 |
$0 |
Year 3 23/03/23 – 22/03/24 |
$305,964 |
95% |
$290,666 |
$15,298 |
Year 4 23/03/24 – 22/03/25 |
$315,142 |
93% |
$293,082 |
$22,060 |
Year 5 23/03/25 – 22/03/26 |
$324,597 |
90% |
$292,137 |
$32,460 |
(E)
authority
be delegated to the Chief Executive Officer to correct minor errors to
the matters set out in this report, noting that the identity of the recipient
will not change, and a CEO Update will be provided to Council advising of any
changes made in accordance with this resolution; and
(F) authority be delegated to the Chief Executive Officer to negotiate, execute and administer the agreement with the Australian Design Centre at 101-111 and 113-115 William Street, Darlinghurst on terms consistent with this resolution and in accordance with the Grants and Sponsorship Policy.
Carried unanimously.
S117676
Report author: Cathy Brown
Publication date: 27/06/2022
Date of decision: 27/06/2022
Decided at meeting: 27/06/2022 - Council
Accompanying Documents: