Decision details

Report to authorise corporate property to instruct legal to terminate NCP’s lease of the car park on the basis that it is required for the Council’s own use as car parking.

The Executive received the report on terminating the existing lease on the Exeter Market Street car park, for the City Council’s own use. The proposal would provide a new income stream to the City Council, to support our Medium Term Financial Plan and address issues of anti-social behaviour within this particular car park.

There would be a cost to terminate the lease, to compensate NCP of £100,000, as well as an income of £55,000 to the City Council. Members were provided with an overview of the one off costs required to bring the car park in house.

The car park was expected to generate an annual income of between £96,000 and £170,000 a year. Members noted that a business case would be brought forward on refurbishing the car park as a secure city centre car park, which would include the results of a public consultation for views on requirements for a secure city centre car park.

In response to a Member’s question, the Director Corporate Services advised that parking tenants were entitled to an automatic renewal and a longer term notice would need to be provided on compensation in order to terminate the tenancy.

RECOMMENDED that Council approve:-

(1)   for the City Surveyor to take the necessary steps to terminate the existing lease of the Exeter Market Street car park, on the grounds that it is required for the Council’s own use, as a public car park;

(2)   that the Market Street car park be included in the Council’s Parking Places Order and placed within the Central zone; and

(3)   for the Service Lead for Net Zero & Business to write a business case to re-develop the car park into a city centre secure car park.