(i)       that the granting of a 30 year full repairing lease to Torre Valley Sports Group CIC (Community Interest Company) at the appropriate market rent be approved;

(ii)      that authority is delegated to the Assistant Director of Corporate and Business Services, in consultation with the Executive Head of Business Services and the Torbay Development Agency, to approve the detailed terms of the lease; and

(iii)      that, in light of the protracted delays and the revised higher rental figure, the Assistant Director of Corporate and Business Services be authorised to offer a rent free period of 30 months, to allow the Torre Valley Sports Group CIC time to submit an application to the Council for a grant to offset the market rent.