Decision details

Stockport Interchange (E&R61)

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve Stockport Council’s support to the Stockport Interchange scheme.

Decision:

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(NOTE: This item included a ‘not for publication’ appendix that had been circulated to members of the Cabinet only).

Alternative options considered:

None.

Interests and Nature of Interests Declared:

None.

Reason Key: Significant expenditure or savings;

Wards Affected: Brinnington & Central;

Equality and/or Environmental Impact Assessment: yes

Decision Reference: CAB321

Declarations or conflicts of Interest: None.

Other reasons / organisations consulted

portfolio holders, CLT, E&R and CRMG

Contact: Paul Richards, Director of Development and Regeneration Email: paul.richards@stockport.gov.uk Tel: 0161-474-2940.

Report author: Robert Goulsbra

Publication date: 01/07/2021

Date of decision: 29/06/2021

Decided at meeting: 29/06/2021 - Cabinet

Effective from: 08/07/2021

Accompanying Documents: