Decision details

It is resolved that:

(A)      Council approve a new subsidy level for Museum of Chinese in Australia Limited at 744 George Street, Haymarket for Option Year 1 and Option Year 2 of its current lease (which commenced 21 April 2021) on the following rental subsidy:

(B)      authority be delegated to the Chief Executive Officer to enter into any documentation required to vary the lease for Option Year 1 and Option Year 2 to reflect the new rental subsidy;

(C)      Council approve an Accommodation Grant for Museum of Chinese in Australia Limited at 744 George Street Haymarket for five years from April 2026 to April 2030 with an option for a further term of five years;

(D)      Council note that the rent and subsidy level of the lease term and option commencing in April 2026 cannot be calculated now, but the amount of the Accommodation Grant in the form of a rental subsidy will be a maximum of:

(E)      authority be delegated to the Chief Executive Officer to finalise the Accommodation Grant to Museum of Chinese in Australia Limited provided that the maximum subsidy is no more than the amounts set out at (D);

(F)       authority be delegated to the Chief Executive Officer to negotiate, execute and administer the lease agreement for years 2026 to 2030 with an option for a further five-year term with the Museum of Chinese in Australia Limited for 744 George Street, Haymarket;

(G)      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 recipients will not change, and a CEO Update will be provided to Council advising of any changes made in accordance with this resolution; and

(H)      Council note that at expiry of option term, there is opportunity for future renewal according to the usual Accommodation Grants program process.

Carried unanimously.

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