The L Executive Meeting considered proposed commercial terms that had been completed with the Manchester Airport Group for the new lease on Airport City South and commercial arrangements for the land which would form part of Airport City North, currently held in Trust by Manchester City Council (MCC). The report also sought authority to amend the Trust Deed for the land to strengthen the consultative arrangements by MCC with the other Greater Manchester Authorities on property decision that needed to be made in the future.
The Executive Meeting agreed that the Chief Executive, in consultation with the Leader of the Council, be authorised to
· approve arrangements for varying consultation arrangements of the Trust Deed between Manchester City Council and the other nine Greater Manchester Authorities, as identified in the report;
· approve the commercial terms as set out in the Exempt Appendix to the report.
(Note: the report contained information ‘not for publication’ contained within its appendix that had been circulated to executive councillors only).