Issue - meetings

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

The report sets out progress on the speculative development of Stockport Exchange Phase 4, which comprises office and Multi-Storey Car Park developments with associated public realm. The report also sets out a proposal to close a portion of the temporary car park to deliver the required land to construct Stockport Exchange 4 and to relocate occupiers to other town centre car parks during the construction of the Multi-Storey Car Park.

(NOTE: The report contains ‘not for publication’ appendices that have been circulated to members of the Cabinet only).

The Cabinet is recommended to:

(1) Approve that the Council proceeds with Phase 4 of the Stockport Exchange development, namely the construction of an office block, MSCP and associated public realm, on the basis outlined in this report and its appendices;

(2) Delegate authority to  the Deputy Chief Executive (Place) and Deputy Chief Executive (Corporate & Support Services) in consultation with Cabinet Member for Resources, Commissioning and Governance and Cabinet Member for Economy and Regeneration:

(a)  to finalise the terms and to enter into all appropriate agreements to enable the construction, funding, operation and use of such developments comprising Phase 4;

(b)  to take such actions necessary to relocate existing Stockport Exchange tenant parking requirements to alternative town centre car parks during the construction of Phase 4;

(c)  to take such actions as are necessary to progress Phase 4 to a successful completion, including agreeing terms with future occupational tenants and entering into such documents as are necessary to effect such terms.

 (3) Delegate 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.

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

The Cabinet Member for Economy & Regeneration submitted a report (copies of which had been circulated) setting out progress on the speculative development of Stockport Exchange Phase 4, which comprised office and Multi-Storey Car Park developments with associated public realm. The report also set out a proposal to close a portion of the temporary car park to deliver the required land to construct Stockport Exchange 4 and to relocate occupiers to other town centre car parks during the construction of the Multi-Storey Car Park.

(NOTE: The report contained ‘not for publication’ appendices that had been circulated to members of the Cabinet only).

RESOLVED – That with regard to Stockport Exchange Phase 4, the Cabinet has:-

(1) Approved that the Council proceeds with Phase 4 of the Stockport Exchange development, namely the construction of an office block, MSCP and associated public realm, on the basis outlined in this report and its appendices;

(2) Delegated authority to  the Deputy Chief Executive (Place) and Deputy Chief Executive (Corporate & Support Services) in consultation with Cabinet Member for Resources, Commissioning and Governance and Cabinet Member for Economy and Regeneration:

(a)   to finalise the terms and to enter into all appropriate agreements to enable the construction, funding, operation and use of such developments comprising Phase 4;

(b)   to take such actions necessary to relocate existing Stockport Exchange tenant parking requirements to alternative town centre car parks during the construction of Phase 4;

(c)    to take such actions as are necessary to progress Phase 4 to a successful completion, including agreeing terms with future occupational tenants and entering into such documents as are necessary to effect such terms.

(3) 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.

To consider a report of the Corporate Director (Place) and Deputy Chief Executive

The report sets out progress on the speculative development of Stockport Exchange Phase 4, which comprises office and Multi-Storey Car Park developments with associated public realm. The report also sets out a proposal to close a portion of the temporary car park to deliver the required land to construct Stockport Exchange 4 and to relocate occupiers to other town centre car parks during the construction of the Multi-Storey Car Park.

(NOTE: The report contains ‘not for publication’ appendices that have been circulated to Members of the Scrutiny Committee only).

The Scrutiny Committee is recommended to comment on and note the report.

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

The Corporate Director (Place) & Deputy Chief Executive submitted a report (copies of which had been circulated) setting out progress on the speculative development of Stockport Exchange Phase 4, which comprised office and Multi-Storey Car Park developments with associated public realm. The report also set out a proposal to close a section of the temporary car park to deliver the required land to construct Stockport Exchange Phase 4 and to relocate other occupiers to other town centre car parks during the construction of the Multi-Storey Car Park.

The Cabinet Member for Economy and Regeneration (Councillor David Meller) attended the meeting to respond to Members’ questions.

(NOTE: This item contained ‘not for publication’ appendices that had been circulated to members of the Scrutiny Committee only).

RESOLVED – That the report be noted.