Issue details
PROPERTY PORTFOLIO RENT ARREARS
The purpose of this report is to request that
Members agree to the write off of £592,846.07 of
unrecoverable rent arrears from the Fund’s property
portfolio. The annual property rental income for 2019/20 was
£30.9 million.
Decision type: Key
Reason Key: Expenditure impact > £500,000;
Decision status: For Determination
Wards affected: (All Wards);
Anticipated restriction: Part exempt -
Explanation of anticipated restriction:
Appendix 1 to the report, (A report from CBRE detailing property rent arrears), contains exempt information. This is by virtue of paragraph(s) 3 of Part 1 of Schedule 12A of the Local Government Act 1972, i.e. Information relating to the financial or business affairs of any particular person (including the authority holding that information).
Decision due: 31 Mar 2021 by Local Pension Board
Lead member: Councillor Pat Cleary, Co-Leader of the Green Group patcleary@wirral.gov.uk
Lead director: Director of Merseyside Pension Fund
Department: Delivery
Contact: Donna Smith Email: donnasmith@wirral.gov.uk.
Agenda items
- 31/03/2021 - Local Pension Board PROPERTY PORTFOLIO RENT ARREARS 31/03/2021
Documents
- PROPERTY PORTFOLIO RENT ARREARS