The Cabinet considered an update on progress with the creation of a Mayoral Development Corporation for the Stockport Town Centre West, including the outcome of the GM Mayor’s consultation on proposals and the decision of the GMCA and the Mayor to refer the application to the Secretary of State for approval, and then:
· Noted the outcome of the consultation;
· agreed to the GM Mayor’s intention of notifying the Secretary of State of his decision to designate the Stockport Town Centre West area;
· agreed to the GM Mayor’s intention of notifying the Secretary of State of his decision to create a Mayoral Development Corporation (to be named the “Stockport Town Centre West Mayoral Development Corporation”) to lead the regeneration of Stockport’s Town Centre West area;
· agreed to the GM Mayor’s intention to initiate the process to recruit and appoint Board members (with relevant appointments made by Stockport Council in agreement with the Mayor);
· agreed to the GM Mayor’s intention to instruct GMCA and Stockport Council officers to work with Ministry of Housing Communities and Local Government on the development of the necessary legislation, and to delegate approval of the draft constitution for the proposed Corporation to the GMCA Chief Legal Officer, in consultation with the GM Mayor.