2021-10-18 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                   18 OCTOBER 2021


Local Government Regulation 2012 and guided by the Sound Contracting Principles set out in the
Local Government Act 2009.
Colliers has worked collaboratively with the Digital Hub Director to ensure that Council’s strategic
objective of bringing together the optimal mix of technology company tenants in the Hub is achieved.
Accordingly, the assessment of Anson McCade and Saturate as prospective tenants (for units 4 and
3a, respectively) at the Digital Hub were guided by criteria that evaluate both their ability to meet the
commercial obligations of the tenancy and their fit with the objectives and culture of the Hub.
Colliers has provided Council an outline of the procurement process, timeline and assessment
criteria, refer Attachment 1.
The primary lease provisions proposed are as follows:
 Lease Provision                 Proposal
 Unit                            4
 Lessee Name:                    Anson McCade
 Premises:                       Lease 4 being part of Lot 95 on SP137431 253 David Low Way
 Nett Lettable Area:             45m2
 Commencement Date               01.11.2021
 Base Rental                     $21,600 excluding GST per annum (to be paid in monthly
                                 instalments in advance)
 Initial Lease Terms:            3 years
 Options to Extend:              1 option, of 3 years
 Market Rent Reviews:            CPI reviews annually with Market review at exercise of option
 Outgoings:                      100% of outgoings for the building and land in proportion to the
                                 area leased (approximately $3,000 per annum).
 Permitted Use:                  Professional Office
 Rental Free Period :            Nil
 Bond:                           Three month’s rent plus Outgoings plus GST to be paid by the
                                 lessee to the lessor by cash or bank guarantee upon execution
                                 of the lease.

 Lease Provision                 Proposal
 Unit                            3a
 Lessee Name:                    Saturate
 Premises:                       Lease 3A being part of Lot 95 on SP137431 253 David Low
                                 Way
 Nett Lettable Area:             45m2 (to be confirmed on final survey)
 Commencement Date               01.11.2021
 Base Rental                     $21,600 excluding GST per annum (to be paid in monthly
                                 instalments in advance)
 Initial Lease Terms:            3 years
 Options to Extend:              1 option, of 3 years
 Market Rent Reviews:            CPI reviews annually with Market review at exercise of option
 Outgoings:                      100% of outgoings for the building and land in proportion to the
                                 area leased (approximately $3,000 per annum).
 Permitted Use:                  Professional Office
 Rental Free Period :            Nil
 Bond:                           Three month’s rent plus Outgoings plus GST to be paid by the
                                 lessee to the lessor by cash or bank guarantee upon execution
                                 of the lease.

It is recommended Council agrees to enter commercial leases with Anson McCade and Saturate
generally in line with the above provisions.



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