Issue - decisions

The Cabinet considered the Stockport Exchange Phase 5 relating to funding and a refresh of the Stockport Exchange Masterplan and agreed to:-

(1)  Give approval to the Council proceeds with a refresh of the Stockport Exchange Masterplan and design and technical survey work for a hybrid planning application for a c. 65,000 sq. ft Office development in Phase 5 and an outline planning application for phases 6, 7 and 8 Stockport Exchange Masterplan area within the site area shown in Appendix 2.

(2)  Delegate authority to the Deputy Chief Executive and Director of Development & Regeneration, in consultation with the Cabinet Member for Economy, Regeneration & Housing and the Cabinet Member for Finance & Resources:

(i)            to instruct all professional work required for the design stage and submission or a hybrid planning application up to the value of £876,469 with the costs being shared 50/50 between the Council and Muse.

(ii)          to enter into such documentation as required to document the Council’s financial contribution towards the planning costs on the terms set out in this report;

(3) Delegate authority to the Assistant Director (Legal & Democratic Governance) to do all things necessary or incidental to the implementation of the above-mentioned resolutions.