The Cabinet has considered a proposal for the acquisition of a site detailed in the confidential appendices, as well as the feasibility costs of the design and planning for the site (up to a maximum figure of £300,000, to include all legal expenses, planning and design costs) to bring forward the development of new homes in ‘Stockport 8’ and has:-
(1) Approved the acquisition of the site using the Mayoral Development Corporation (MDC) Investment Facility approved by Cabinet in October 2019 as set out above and the Confidential Appendices;
(2) Approved the feasibility costs of design and planning for the site up to a maximum figure of £300,000 to include all legal expenses, planning and design costs;
(3) Delegated authority to the Director of Development and Regeneration to negotiate and agree the final terms for the acquisition of the site and to enter into all documentation required to acquire the site in consultation with the Cabinet Members for Economy and Regeneration and Finance and Resources;
(4) Delegated authority to the Assistant Director, Legal and Democratic Governance to do all things necessary or incidental to the implementation of the above resolutions.
(NOTE: The report contained ‘not for publication’ appendices that had been circulated to the Cabinet only).