Decision details

The Cabinet has considered a report setting out progress on the speculative development of Stockport Exchange Phase 4, which comprised office and Multi-Storey Car Park developments with associated public realm and has:-

(1) Approved that the Council proceeds with Phase 4 of the Stockport Exchange development, namely the construction of an office block, MSCP and associated public realm, on the basis outlined in this report and its appendices;

(2) Delegated authority to  the Deputy Chief Executive (Place) and Deputy Chief Executive (Corporate & Support Services) in consultation with Cabinet Member for Resources, Commissioning and Governance and Cabinet Member for Economy and Regeneration:

(a)   to finalise the terms and to enter into all appropriate agreements to enable the construction, funding, operation and use of such developments comprising Phase 4;

(b)   to take such actions necessary to relocate existing Stockport Exchange tenant parking requirements to alternative town centre car parks during the construction of Phase 4;

(c)    to take such actions as are necessary to progress Phase 4 to a successful completion, including agreeing terms with future occupational tenants and entering into such documents as are necessary to effect such terms.

(3) Delegated authority to the Strategic Head of Service (Legal & Democratic Governance) to do all things necessary or incidental to the implementation of the above-mentioned resolutions.

(NOTE: The report contained ‘not for publication’ appendices that had been circulated to members of the Cabinet only).

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