1. That approval be given in principle to the proposal to structure a Joint Venture (JV) arrangement to deliver the first phase of residential units at the K Site in Old Trafford.

2. That it be approved that the Council tender for a Residential Operational Partner with whom to form the JV.

3. That authority be delegated to the Corporate Director of Place to lead negotiations for the appointment of the Residential Operational Partner.

4. That it be noted that the final business case and JV structure will be submitted to the Executive for approval.