considered in exceptional circumstances, any transfer proposal will need to make a strong case that freehold is a necessity for success and provide reassurance that community benefit will be maintained in the long-term.’ Rent Meanwhile CAT: ‘Economic Rent offset Transfer ‘at potentially Rent set at a discount to Market Value. ‘The Council may offer by Valuing Worth less than best financial ‘community rent’, land and buildings for Process. The Valuing consideration to potentially up to 100%, Meanwhile Worth Toolkit will be voluntary, community and negotiated on a management on the completed by the organisations and case-by-case basis, basis of a peppercorn organisation and the social enterprises.’ where the lessee has rent.’ Council. This will met, and to the extent provide a consistent that they have met, the Major CATs: analysis to guide the criteria and assessments ‘The Council will offer Council’s decision about of the CAT policy and land and buildings for what level of rebate to procedure. transfer on a offer the organisation. proportionate basis – The level of rebate will ranging from ultimately be a peppercorn rents negotiation between through to moderate the Council and the discounts, where the organisation taking opportunity cost of account of the valuing foregoing market rental worth exercise.’ or market sale is considered more (Valuing Worth was significant.’ written by BCC – see attached documents)
considered in exceptional circumstances, any transfer proposal will need to make a strong case that freehold is a necessity for success and provide reassurance that community benefit will be maintained in the long-term.’ Rent Meanwhile CAT: ‘The Council may offer land and buildings for Meanwhile management on the basis of a peppercorn rent.’ Major CATs: ‘The Council will offer land and buildings for transfer on a proportionate basis – ranging from peppercorn rents through to moderate discounts, where the opportunity cost of foregoing market rental or market sale is considered more significant.’ ‘Economic Rent offset by Valuing Worth Process. The Valuing Worth Toolkit will be completed by the organisation and the Council. This will provide a consistent analysis to guide the Council’s decision about what level of rebate to offer the organisation. The level of rebate will ultimately be a negotiation between the Council and the organisation taking account of the valuing worth exercise.’ (Valuing Worth was written by BCC – see attached documents) Transfer ‘at potentially less than best financial consideration to voluntary, community organisations and social enterprises.’ Rent set at a discount to ‘community rent’, potentially up to 100%, and negotiated on a case-by-case basis, where the lessee has met, and to the extent that they have met, the criteria and assessments of the CAT policy and procedure. Market Value.
Final%20TH%20Com%20Buildings%20Report%2021.7.16%20%282%29.docx