Issue - meetings

To consider a report of the Cabinet Member for Finance & Resources.

The report provides an update of the current status of the Council’s two principal operational depot sites and make recommendations to consolidate the majority of operations currently located at Bird Hall Lane depot at the Adswood Depot, subject to the freehold purchase of the Adswood Depot.

(NOTE: The report contains a confidential appendix that has been circulated to members of the Cabinet only).

The Cabinet is recommended to :-

(1) Note the current status of the Adswood and Bird Hall Lane depot sites and provide any comments.

(2) Support the proposed purchase of the freehold interest in the Adswood depot site on the terms outlined in Confidential Appendix C.

(3) Authorise the Deputy Chief Executive to secure capital financing through prudential borrowing to complete the purchase.

(4) Delegate 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.

Officer contact: James Kington on 07815 997564 or by email on james.kington@stockport.gov.uk

The Cabinet Member for Finance & Resources (Councillor Malcolm Allan) submitted a report (copies of which had been circulated) providing 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.

(NOTE: This item included a ‘not for publication’ appendix that had been circulated to members of the Cabinet only).

RESOLVED - (1) That the current status of the Adswood and Bird Hall Lane depot sites be noted.

(2) That the proposed purchase of the freehold interest in the Adswood depot site on the terms outlined in Confidential Appendix C be supported.

(3) That the Deputy Chief Executive be authorised to secure capital financing through prudential borrowing to complete the purchase.

(4) That authority be delegated 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.

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

The report provides an update of the current status of the Council’s two principal operational depot sites and make recommendations to consolidate the majority of operations currently located at Bird Hall Lane depot at the Adswood Depot, subject to the freehold purchase of the Adswood Depot.

(Note: This item includes a ‘not for publication’ appendix that has been circulated to members of the Scrutiny Committee only)

The Scrutiny Committee is asked to: -

·       Note the current status of the Adswood and Bird Hall Lane depot sites and provide any comments.

·       Support the proposed purchase of the freehold interest in the Adswood depot site on the terms outlined in Confidential Appendix C.

·       Note the actions being reported to Cabinet.

Officer contact: James Kington on 07815 997564 or by email on james.kington@stockport.gov.uk

The Director of Development & Regeneration submitted a report (copies of which had been circulated) providing an update of the current status of the Council’s two principal operational depot sites and make recommendations to consolidate the majority of operations currently located at Bird Hall Lane depot at the Adswood Depot, subject to the freehold purchase of the Adswood Depot.

Members welcomed the proposals to own the site rather than rent it and were happy with the payback investment over 18 years.

RESOLVED – That the report be noted.