Decision details
Adswood Depot: Proposed Acquisition
PDF 209 KBDecision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To seek authority to purchase the freehold
interest in Adswood Depot, to secure tenure of the site for future
service delivery.
Decision:
The Cabinet considered an update on the current status of the Council’s two principal operational depot sites and a recommendation to consolidate the majority of operations currently located at Bird Hall Lane depot at the Adswood Depot and has:-
(1) Noted the current status of the Adswood and Bird Hall Lane depot sites and provide any comments.
(2) Supported the proposed purchase of the freehold interest in the Adswood depot site on the terms outlined in Confidential Appendix C.
(3) Authorised the Deputy Chief Executive to secure capital financing through prudential borrowing to complete the purchase.
(4) Delegated authority to the Director of Development and Regeneration and the Deputy Chief Executive, in consultation with the Cabinet Member for Finance & Resources to complete the purchase subject to satisfactory pre-acquisition due diligence.
Alternative options considered:
None.
Interests and Nature of Interests Declared:
None.
Reason Key: Affects 2 or more wards;
Wards Affected: (All Wards);
Equality and/or Environmental Impact Assessment: NO
Decision Reference: CAB394
Declarations or conflicts of Interest: None.
Forward Plan Reference: E&R83
Other reasons / organisations consulted
CLT, CRMG,Cabinet
Contact: James Kington, Head of Estates & Asset Management Email: james.kington@stockport.gov.uk.
Report author: Paul Edgeworth
Publication date: 29/06/2022
Date of decision: 28/06/2022
Decided at meeting: 28/06/2022 - Cabinet
Effective from: 06/07/2022
Accompanying Documents: