Decision details

OD/14/51 Settlement of IBC Lease Liability

Decision Maker: Officer Decision

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

IBC had outstanding leasehold liabilities.

 

The options were to pay the claim in full, agree a settlement sum, or be sued for damages. The option to take the full sum was rejected as IBC would have paid more than it was obliged to do. The option to take the matter to court was rejected on the basis that costs would be likely to be in excess of a settlement amount. A settlement was accordingly agreed.

 

The background documents were the lease, draft copy new lease, schedule of dilapidations and response to that schedule.

 

The decision was made in consultation with the section 151 Chief Finance Officer.

Publication date: 14/01/2015

Date of decision: 07/01/2015

Accompanying Documents: