2016-08-09 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                              9 AUGUST 2016


5                        SUNRISE NEIGHBOURHOOD            SHOPPING       CENTRE   MANAGEMENT       SERVICES
                         AGREEMENT OPTION
DOCUMENT INFORM AT ION




Author                             Property Officer, Michelle Stirling
                                   Corporate Services Department

Index                              Subject: 46.01 – Building Leases / Applic: LEAS13/0044

Attachments                        Nil


EXECUTIVE SUMMARY
Not applicable.

RECOMMENDATION
That Council note the report by the Property Officer to the Services & Organisation Committee
Meeting dated 9 August 2016 and:
A.                       Approve the transfer of the management services agreement for the period 1 September
                         2016 to 31 October 2016 to Sunshine Coast Commercial Pty Ltd as trustee for The
                         Sunshine Coast Commercial Unit Trust trading as Ray White Commercial Noosa &
                         Sunshine Coast North (currently Tennforr Pty Ltd & Indust-Real Pty Ltd trading as Ray
                         White Commercial Noosa & Sunshine Coast North); and
B.                       Authorise the CEO to extend the current management services agreement for a further
                         three (3) year period commencing 1 November 2016 to Sunshine Coast Commercial Pty
                         Ltd as trustee for The Sunshine Coast Commercial Unit Trust trading as Ray White
                         Commercial Noosa & Sunshine Coast North.



REPORT
Ray White Commercial Noosa & Sunshine Coast North (Ray White Commercial) has been
Council’s managing agent for the Sunrise Neighbourhood Shopping Centre since it opened in
1996. The managing agent’s role includes management of the 8 shop leases e.g. day to day
interaction with tenants, rental collection and co-ordination of maintenance etc.

The current management agreement between Council and Ray White Commercial expires 31
October 2016 and pursuant to its terms a three (3) year option falls due this year. Ray White
Commercial has requested in writing to exercise the option commencing 1 November 2016.

Accordingly, the purpose of this report is to seek Council approval to extend the current
management services agreement for a further three (3) year period commencing 1 November
2016. The incumbent has discharged its obligations in relation to the current agreement.

On 1 September 2016 Ray White Commercial will change the name of the owning entities of the
business from Tennforr Pty Ltd & Indust-Real Pty Ltd to Sunshine Coast Commercial Pty Ltd as
trustee for The Sunshine Coast Commercial Unit Trust. Ray White Commercial has requested
Council transfer the management services agreement from 1 September to 31 October 2016
(within the current management agreement period) incorporating the new owning entity names.

Previous Council Consideration

Nil.


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