New offices Colwyn Bay
Dear Conwy County Borough Council,
Further to your response to FOI 9955-16, could you please confirm what the cost to the taxpayer for this is?
Are the offices to be rented from M&G, and if so, what is the monthly/annual cost for the rent? Is this for the full 40 year term? If not rented, then how is it being paid for by Conwy County Borough Council?
Yours faithfully,
H Spencer
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under the terms of the Freedom of Information Act 2000 you will receive a
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0065-17
Dear Mr Spencer
The total cost to the Council as a consequence of its financial agreement with M&G is in the order of £58million; other occupation costs (rates, utilities etc) are in addition. These costs are less than the ‘do nothing’ option. By undertaking the project, as you will be aware, the Council will be modernising and de-risking its estate, and it is part of a wider programme of modernising facilities for staff, visitors and customers and assisting with the regeneration of Colwyn Bay. M&G will be the landlords on practical completion for a 40 year term with a put and call option at the end, whereby CCBC can acquire for £1.
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Uned Llywodraethu Gwybodaeth/ Information Governance Unit
Cyngor Bwrdeistref Sirol CONWY County Borough Council
E-Bost / E-Mail: [Conwy Council request email]
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