News

Update on Council Meeting

28 August 2019

Council considered a report at the August Ordinary Meeting of Council in relation to a potential future lease of 2b North Road, Brighton and resolved to:

1. Commence the statutory procedures under Sections 190 and 223 of the Local Government Act 1989 to lease part of 2b North Road Brighton to the current tenant on the below terms: Term: 21 Years Base Rent: to be determined by Council’s Valuer Turnover Rent: 7.5% of turnover that exceeds 12.5 times the base rent. Rent Escalation: C.P.I Melbourne All Groups.

2. In the event a submission is received, convene a Section 223 Special Committee of Council meeting on Tuesday 22 October 2019 commencing at 6.30pm at the Council Chambers, Boxshall Street Brighton to hear any submitters that wish to be heard.