Issue - meetings

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

The report provides an update to Members on the progress made on the Stockport Interchange scheme since the previous report to the Cabinet in February 2020.

(NOTE: This item includes a ‘not for publication’ appendix that has been circulated to members of the Cabinet only).

The Cabinet is recommended to:

(1) Agree to the Council patient equity investment set out in Confidential Appendix Three of this report;

(2) Approve the entry by the Council into a legal structure with GMCA and CityRise to govern the funding, delivery and ongoing management and operation of the residential development;

(3) Delegate authority to the Deputy Chief Executive (Place) in consultation with the Cabinet Member for Economy & Regeneration to enter into all legal documentation required to deliver the project and to take the necessary steps to implement the strategy set out in this report;

(4) Approve the acquisition of the land at Exchange Street on the terms set out in Confidential Appendix Four;

(5) 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 Leader of the Council and Cabinet Member for Devolution (Councillor Elise Wilson) submitted a report (copies of which had been circulated) providing an update on progress made on the Stockport Interchange scheme since the previous report to the Cabinet in February 2020.

(NOTE: This item included a ‘not for publication’ appendix that had been circulated to members of the Cabinet only).

RESOLVED - (1) That agreement be given to the Council patient equity investment set out in Confidential Appendix Three of this report;

(2) That approval be given to the entry by the Council into a legal structure with GMCA and CityRise to govern the funding, delivery and ongoing management and operation of the residential development;

(3) That authority be delegated to the Deputy Chief Executive (Place) in consultation with the Cabinet Member for Economy & Regeneration to enter into all legal documentation required to deliver the project and to take the necessary steps to implement the strategy set out in this report;

(4) That approval be given the acquisition of the land at Exchange Street on the terms set out in Confidential Appendix Four;

(5) That authority be delegated 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 provides an update to Members on the progress made on the Stockport Interchange scheme since the previous report to the Scrutiny Committee in January 2020.

The Scrutiny Committee is requested note and comment on the report.

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

The Corporate Director (Place) and Deputy Chief Executive submitted a report (copies of which had been circulated) providing an update to Members on the progress made on the Stockport Interchange scheme since the previous report to the Scrutiny Committee in January 2020.

The Cabinet Member for Economy and Regeneration (Councillor David Meller) attended the meeting to respond to questions from the Scrutiny Committee.

RESOLVED – That the report be noted.