Issue - meetings

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

The purpose of this report is to provide an update on the continuing work around revitalising the offer in the Market Place and Underbanks area and to seek authority to enter into negotiations with preferred tenant(s) to agree the terms of leases for each of the Produce Hall and No 28/29 Market Place (Blackshaws).

The Cabinet is asked to:

·         Note the progress made with procuring a new management operation for Market operation.

·         Consider the identification and setting aside of the capital from one-off resources to finance the likely capital spend set out in Appendix Two and following the identification of resources, the allocation and agreement of use will be delegated to the Corporate Director for Place Management & Regeneration and the Deputy Chief Executive in consultation with the Executive Councillor (Economic Development & Regeneration). This delegation should also allow the agreement of the terms of a lease with the preferred tenant(s) for the Produce Hall and Blackshaws as set out in Appendix Two.

·         Note the progress with the development of a markets and animation strategy that will contribute to the regeneration of the wider Town Centre.

·         Authorise the Head of Legal and Democratic Services to do all things necessary or incidental to the implementation of the above resolutions.

Officer contact: Andy Kippax / Paul Richards, 0161 474 4319 / 0161 474 2940, andy.kippax@stockport.gov.uk / paul.richards@stockport.gov.uk

The Cabinet Member for Economy & Regeneration submitted a report (copies of which had been circulated) updating the Cabinet on the continuing work around revitalising the Market Place and Underbanks area and seeking authority to enter into negotiations to agree the terms of leases for each of the Produce Hall and No 28/29 Market Place known as Blackshaw’s.

RESOLVED – That in relation to the Market Place and Underbanks update:

·        the progress made with procuring a new management operation for Market operation be noted;

·        the setting aside of the capital from one-off resources to finance the likely capital spend set out in Appendix Two and the allocation and agreement of use of that resource be delegated to the Corporate Director for Place Management & Regeneration and the Deputy Chief Executive in consultation with the Cabinet Member for Economy & Regeneration;

·        the Corporate Director for Place Management & Regeneration and the Deputy Chief Executive in consultation with the Cabinet Member for Economy & Regeneration be authorised to agree the terms of a lease with the preferred tenant(s) for the Produce Hall and Blackshaw’s as set out in Appendix Two;

·        the progress with the development of a markets and animation strategy that will contribute to the regeneration of the wider Town Centre be noted; and

·        the Head of Legal and Democratic Services be authorised to do all things necessary or incidental to the implementation of the above resolutions.

To consider a report of the Corporate Director for Place Management and Regeneration

The report provides a further update on the continuing work around revitalising the offer in the Market Place and Underbanks area. Authority would be sought from the Cabinet to enter into negotiations with a preferred tenant to agree the terms of a lease for the Produce Hall and no. 28/29 Market Place (Blackshaws).

The Scrutiny Committee is invited to comment on the report.

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

The Corporate Director for Place Management and Regeneration submitted a report (copies of which had been circulated) providing a further update on the continuing work around the revitalising the offer in the Market Place and Underbanks area. Authority would be sought from the Cabinet at its meeting to be held on 14 November 2017 to enter into negotiations with a preferred tenant to agree the terms of a lease for the Produce Hall and no. 28/29 Market Place (Blackshaws).

The Cabinet Member for Economy and Regeneration attended the meeting to respond to Members’ questions.

RESOLVED – That the report be noted.