Decision details

Town Centre Regeneration - Strategic Acquisition of Property in the Town Centre (FIN/RGN3)

Decision Maker: Executive

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Decision on future redevelopment proposals to support the regeneration of the Town Centre.

Decision:

The Executive Meeting considered a proposal to acquire a property to support the Council’s regeneration plans for the Bridgefield area of the Town Centre and has

 

·         approved the acquisition of the freehold of the property edged red on the plan at confidential appendix 1 of the report, and

·         authorised the Corporate Director for Corporate and Support Services and the Service Director (Place Development), in consultation with the Executive Councillors (Economic Development & Regeneration) and (Governance & Support Services) to settle the final terms of the agreement subject to a positive outcome to the final valuation and any outstanding due diligence.

 

(Note: the report included information ‘Not for Publication’ contained within its appendices)

Alternative options considered:

None

Interests and Nature of Interests Declared:

None

Wards Affected: Brinnington & Central;

Equality and/or Environmental Impact Assessment: Equality Impact Assessment completed and reviewed in 2010. Environmental Impact Assessment not required.

Decision Reference: ED1394

Forward Plan Reference: FIN/RGN 3

Other reasons / organisations consulted

Town Centre Task Force

Contact: Paul Lawrence, Services for Place Email: paul.lawrence@stockport.gov.uk Tel: 0161-474-4515, Barry Khan, Corporate and Support Services Email: barry.khan@stockport.gov.uk Tel: 0161-474-3202.

Report author: Paul Lawrence, Barry Khan

Publication date: 29/05/2012

Date of decision: 28/05/2012

Decided at meeting: 28/05/2012 - Executive

Effective from: 07/06/2012

Accompanying Documents: