That:

(a)       the council enters into a lease with the Wye Valley NHS Trust in respect of the store and ground floor offices of the former record store, Harold Street, Hereford for a period of five years (commencing as early in 2018 as is practicable) at an annual rent of £40,000 and thereby reduce the current annual holding cost of £43,944;

(b)       the council enters into a lease with the Wye Valley NHS Trust of the vacant offices at the Franklin Barnes building, Hereford for a term of two years (commencing as early in 2018 as is practicable)  at an annual rent of £79,000 and thereby reduce the current annual holding cost of £151,964;

(c)       approval be given to any rental payment falling due between commencement of the leases and 1 April 2018 being scheduled for payment across the remainder of the lease term; and

(d)        

the council makes £40,000 of capital funding available to the Wye Valley NHS Trust to support refurbishment of both premises to be recovered as additional rent from the Wye Valley NHS Trust.