Issue - meetings

To consider a report of the Cabinet Member for Economy, Regeneration & Housing.

The report requests the approval of the revised terms for the grant of a 250 year lease to Stockport County Football Club.

The Cabinet is recommended to:

(1) approve the terms of the proposed 250 year lease between the Council and Stockport County Football Club; and

(2) Delegate authority to the Director of Development and Regeneration and Deputy Chief Executive (Corporate and Support Services), in consultation with the Cabinet Member for Finance and Resources to complete the transaction; and

(3) Delegate authority for the Assistant Director (Legal & Democratic Governance), to take such steps and complete such agreements as are necessary to implement the resolutions recommended in this report and any decisions properly made under authority delegated by these resolutions

Officer contact: Paul Richards on 0161 474 2940 or email: paul.richards@stockport.gov.uk

The Cabinet Member for Economy, Regeneration & Housing (Councillor Colin MacAlister) submitted a report (copies of which had been circulated) detailing proposals for revised terms for the grant of a 250 year lease of Edgeley Park to Stockport County Football Club.

(1) That approval be given to the terms of the proposed 250 year lease for Edgeley Park between the Council and Stockport County Football Club.

(2) That authority be delegated to the Director of Development and Regeneration and Deputy Chief Executive (Corporate and Support Services), in consultation with the Cabinet Member for Finance and Resources to complete the transaction; and

(3) That authority be delegated to the Assistant Director (Legal & Democratic Governance), to take such steps and complete such agreements as are necessary to implement the resolutions recommended in this report and any decisions properly made under authority delegated by these resolutions.

To consider a report of the Director of Development and Regeneration.

The report requests the approval of the revised terms for the grant of a 250 year lease to Stockport County Football Club.

The Scrutiny Committee is recommended comment upon and note the report.

Officer contact: James Kington at james.kington@stockport.gov.uk

The Director of Development and Regeneration submitted a report (copies of which had been circulated) requesting the approval of the revised terms for the grant of a 250 year lease to Stockport County Football Club.

The Cabinet Member for Finance & Resources (Councillor Jilly Julian) attended the meeting to respond to councillor’s questions.

It was noted that the acquisition cost of Edgeley Park was reported to be circa £2.1 million with the rental income being circa £80,000 annually.

RESOLVED – That the report be noted.