Decision details

The Executive will be invited to consider the purchase of a strategic property in Stockport.

The Executive considered a proposal to make an offer to purchase Edgeley Park for the purpose of enhancing the economic and social wellbeing of the borough.

The Executive then agreed:

(1) That the proposal to make an unconditional offer for the purchase of Edgeley Park as detailed in the confidential report be approved, subject to contract and the undertaking of all necessary due diligence processes.

(2) That the authority to resolve all matters associated with the completion of this transaction as detailed in the confidential report be delegated to the Corporate Directors for Corporate and Support Services and for Place Management & Regeneration, in consultation with the Executive Councillor ( Support and Governance)  subject to the satisfactory outcome of the due diligence process.

(3) That the remaining recommendations contained in the confidential report be approved.

(Note: the report contained information 'not for publication' that had been circulated to executive councillors only).

None

All councillors