To consider a presentation by the Executive Member for Investment. (No papers to be circulated.)

NOTE: A related report is to be considered in Part I of this agenda.

The Executive Member for Investment delivered a presentation in relation to the proposed acquisition of a commercial property in Old Trafford discussed earlier on the agenda (Minute 107 refers). The presentation identified the site in question and provided a summary of financial aspects of the proposal, the site’s development potential, and risk evaluation which had been undertaken or was planned. The formal agreement and resolutions in relation to this matter were as set out at Minute 107 above.