Issue - meetings

Report seeking approval of a supplementary budget for investing in the proposed refurbishment of the second floor of the Atkins Business Centre.

The Executive received a report which proposed refurbishment of the Atkins Business Centre. It was noted that there was greater demand for smaller units so the notice to leave from a tenant occupying a large office had offered the opportunity to reconfigure the space. The reception area would also be relocated to the area previously let as a café and the Hansom Cab would be moved next to the new reception.

Councillor Ladkin entered the meeting at 6.37pm.

It was emphasised that, whilst expenditure would be required for the works, the setting of a new income budget was recommended due to the increased income that would be generated by the reconfigured units.

Members were reminded that if Hinckley museum was successful in obtaining funding for an extension, the Hansom Cab would then be moved to the museum.

It was moved by Councillor Allen, seconded by Councillor Surtees and

RESOLVED –

(i)            A supplementary budget of £49,000 for investing in the proposed second floor refurbishment be approved;

(ii)           A revenue income budget of £32,000 for 2018/19 and £38,400 from 2019/20 onwards for rental income be approved;

(iii)          The relocation of the reception and Hansom Cab into the area formerly let as a café be noted.