It is resolved that:
(A) Council note the continuation of the current Accommodation Grant leases and licences for the 74 tenants that have met the performance criteria of their Accommodation grants and are continuing in the Program;
(B) Council approve the two-year lease renewal from 6 May 2021 to 7 May 2023 be exercised for 107 Projects Incorporated for their Accommodation Grant Program lease at Joynton Avenue Creative Centre, 3 Joynton Avenue, Zetland on the following rental subsidy:
|
|
Market Rental Value |
Grant Subsidy |
Grant Amount |
Rent payable |
|
Year 1 |
$347,500 |
100% |
$347,500 |
$0 |
|
Year 2 |
$357,925 |
100% |
$357,925 |
$0 |
(C)
Council
approve the continuation of the lease for the Australian Design Centre at
101-111 and 113-115 William Street, Darlinghurst for five years on the
following rental subsidy:
|
|
Market
Rental Value |
Grant
Subsidy (Rounded) |
Grant
Amount |
Rent
to be paid |
|
Year 1 |
$288,400 |
79% |
$228,940 |
$59,460 |
|
Year 2 |
$297,052 |
79% |
$234,671 |
$62,381 |
|
Year 3 |
$305,964 |
79% |
$241,712 |
$64,252 |
|
Year 4 |
$315,142 |
79% |
$248,962 |
$66,180 |
|
Year 5 |
$324,597 |
79% |
$256,432 |
$68,165 |
(D)
Council
note the commercial portfolio premises at Level 3, 101-111 William
Street, Darlinghurst will continue to be used as creative office workspace for
the cultural sector;
(E)
authority be delegated to the Chief Executive
Officer to offer Level 3, 101-111 William Street, Darlinghurst through an
Expression of Interest under Accommodation Grants Program terms of up to 100
per cent subsidy, with an initial lease term of up to five years and the option
to renew;
(F) Council approve a new Accommodation Grant lease for Australian Unity at the Alexandria Aged Health Centre, 12A Dadley Street, Alexandria for five years on the following rental subsidy:
|
|
Market
Rental Value |
Grant
Subsidy (Rounded) |
Grant
Amount |
Rent
to be paid |
|
Year 1 |
$47,500 |
34% |
$16,150 |
$31,350 |
|
Year 2 |
$48,925 |
16% |
$8,300 |
$40,625 |
|
Year 3 |
$50,393 |
Nil |
$0 |
$50,393 |
|
Year 4 |
$51,905 |
Nil |
$0 |
$51,905 |
|
Year 5 |
$53,462 |
Nil |
$0 |
$53,462 |
(G)
Council
approve the continuation of the Accommodation Grant lease for Creativity
Services Limited, 78 Harcourt Parade, Rosebery for five years on the following
rental subsidy:
|
|
Market
Rental Value |
Grant
Subsidy (Rounded) |
Grant
Amount |
Rent
to be paid |
|
Year 1 |
$63,000 |
60% |
$37,800 |
$25,200 |
|
Year 2 |
$64,890 |
45% |
$29,200 |
$35,690 |
|
Year 3 |
$66,837 |
25% |
$16,709 |
$50,128 |
|
Year 4 |
$68,842 |
10% |
$6,884 |
$61,958 |
|
Year 5 |
$70,907 |
0% |
$0 |
$70,907 |
(H) Council approve the continuation of the Accommodation Grant lease for the Junction Neighbourhood Centre Incorporated at St Helens Community Centre, 184 Glebe Point Road, Glebe for five years on the following rental subsidy:
|
|
Market
Rental Value |
Grant
Subsidy (Rounded) |
Grant
Amount |
Rent
to be paid |
|
Year 1 |
$35,800 |
100% |
$35,800 |
$0 |
|
Year 2 |
$36,874 |
100% |
$36,874 |
$0 |
|
Year 3 |
$37,980 |
100% |
$37,980 |
$0 |
|
Year 4 |
$39,120 |
100% |
$39,120 |
$0 |
|
Year 5 |
$40,293 |
100% |
$40,293 |
$0 |
(I)
Council
approve the continuation of the Accommodation Grant lease for the Physical Disability
Council at St Helens Community Centre, 184 Glebe Point Road, Glebe for five
years on the following rental subsidy:
|
|
Market
Rental Value |
Grant
Subsidy (Rounded) |
Grant
Amount |
Rent
to be paid |
|
Year 1 |
$22,600 |
53% |
$12,053 |
$10,547 |
|
Year 2 |
$23,278 |
53% |
$12,415 |
$10,863 |
|
Year 3 |
$23,976 |
53% |
$12,787 |
$11,189 |
|
Year 4 |
$24,696 |
53% |
$13,171 |
$11,525 |
|
Year 5 |
$25,436 |
53% |
$13,566 |
$11,871 |
(J) Council approve the continuation of the Accommodation Grant lease for the Kil.n.it Experimental Ceramic Studio at St Helens Community Centre, 184 Glebe Point Road, Glebe for five years on the following rental subsidy:
|
|
Market
Rental Value |
Grant
Subsidy (Rounded) |
Grant
Amount |
Rent to
be paid |
|
Year 1 |
$45,200 |
100% |
$45,200 |
$0 |
|
Year 2 |
$46,556 |
98% |
$45,556 |
$1,000 |
|
Year 3 |
$47,953 |
97% |
$46,753 |
$1,200 |
|
Year 4 |
$49,391 |
97% |
$47,891 |
$1,500 |
|
Year 5 |
$50,873 |
96% |
$49,073 |
$1,800 |
(K)
Council
approve the continuation of the Accommodation Grant lease for the Radio
for Print Handicapped of NSW Co Operative Ltd at St Helens Community Centre,
184 Glebe Point Road, Glebe for five years on the following rental subsidy:
|
|
Market
Rental Value |
Grant
Subsidy (Rounded) |
Grant
Amount |
Rent
to be paid |
|
Year 1 |
$79,600 |
79% |
$63,194 |
$16,406 |
|
Year 2 |
$81,988 |
79% |
$65,090 |
$16,898 |
|
Year 3 |
$84,448 |
79% |
$67,042 |
$17,405 |
|
Year 4 |
$86,981 |
79% |
$69,054 |
$17,927 |
|
Year 5 |
$89,590 |
79% |
$71,125 |
$18,465 |
(L)
Council
note that the Feminist Legal Clinic (the Clinic) have been rated a C in
their annual assessment, as the City’s review found that the Clinic had not
satisfactorily met the Accommodation Grants Program general performance
criteria over the past 12 months;
(M)
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
(N) 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.
Carried unanimously.
S117676