Issue - decisions

The considered an update on the redevelopment of Merseyway and proposals revisions to the plans in light of significant changes to the retail market since the Cabinet approved plans in December 2017 and agreed that

·           the overall direction of the Merseyway redevelopment strategy be supported and the ongoing risks and challenges of the individual projects be noted;

·           approval be given to the three schemes to be financed from non-recurrent resources as detailed in paragraph 4.4, 4.5 and 4.6 of the report, with the decision on the optimal blend being delegated to the Borough Treasurer in consultation with the Leader of the Council, to be reported and scrutinised via the Corporate Performance and Resource Reporting mechanism;

·           the recommendation for the other asset management opportunities set out in confidential appendix 6 be approved;

·           authority be delegated to the Corporate Director for Place Management & Regeneration and the Borough Treasurer, in consultation with the Leader of the Council and Cabinet Member for Economy & Regeneration to take all necessary steps to implement the strategy in the report, reporting back as necessary and appropriate to the Cabinet;

·           the Head of Legal, Democratic Governance and Estates & Asset Management be authorised to do all things necessary or incidental to the implementation of the above resolutions.

(Note: the report contained information ‘not for publication’ in its appendices that had been circulated to cabinet members only).