Decision details

Adswood Depot: Proposed Acquisition

Decision Maker: Cabinet

Decision status: For Determination

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: