Decision details

The Cabinet has considered an update on progress made on the Stockport Interchange scheme since the previous report to the Cabinet in February 2020 and has:-

(1) Agreed to the Council patient equity investment set out in Confidential Appendix Three of this report;

(2) Approved the entry by the Council into a legal structure with GMCA and CityRise to govern the funding, delivery and ongoing management and operation of the residential development;

(3) Delegated authority to the Deputy Chief Executive (Place) in consultation with the Cabinet Member for Economy & Regeneration to enter into all legal documentation required to deliver the project and to take the necessary steps to implement the strategy set out in this report;

(4) Approved the acquisition of the land at Exchange Street on the terms set out in Confidential Appendix Four;

(5) 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(NOTE: This item included a ‘not for publication’ appendix that had been circulated to members of the Cabinet only).

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