Agenda item

To consider a report of the Executive Councillor (Economy & Regeneration)

(Note: the report contains information ‘not for publication’ that has been circulated to executive members only)

The report updates the Executive on the successful completion of the development of Phase 2 of the Stockport Exchange Project; highlights the legal and financial structures established to deliver this successful regeneration project and seeks authority from the Executive for officers to continue to manage the completed development.

The Executive is invited to approve and authorise:

·         the successful establishment of the company to deliver and run Phase 2 of the Stockport Exchange project.

·         the Corporate Director for Place Management and Regeneration and the Deputy Chief Executive in consultation with the Executive Councillor (Economy and Regeneration) and the Leader of the Council to take all steps to ensure that the development is brought fully into use so as to maximize the Council’s investment in Phase 2 of the Stockport Exchange.

·         the Head of Legal and Democratic Governance to undertake all steps necessary or incidental to the implementation of the above recommendations.

Officer contact: George Perrin, 0161 474 4510, george.perrin@stockport.gov.uk

The Executive Councillor (Economy & Regeneration) submitted a report (copies of which had been circulated) inviting the Executive to consider progress with Phase 2 of the Stockport Exchange project and seeking approval for the management arrangements for the completed development.

(Note: the report contains information ‘not for publication’ that has been circulated to executive members only)

RESOLVED – That in relation to Stockport Exchange Phase 2

·           the successful establishment of the company to deliver and run Phase 2 of the Stockport Exchange project be noted;

·           the Corporate Director for Place Management & Regeneration and the Deputy Chief Executive, in consultation with the Executive Councillor (Economy & Regeneration) and the Leader of the Council be authorised to take all steps to ensure that the development was brought fully into use so as to maximize the Council’s investment in Phase 2 of the Stockport Exchange;

·           the Head of Legal and Democratic Governance be authorised to undertake all steps necessary or incidental to the implementation of the above recommendations.