To consider a report of the Executive Member for Investment, Regeneration and Strategic Planning. (Note: A supplementary report is to be considered in Part II of this agenda.)

1. That it be approved that the Council enter into an agreement to secure an option to take on a lease of West Point on the terms set out in the report and in the related Part II report.

2. That authority be delegated to the Corporate Director, Place in consultation with the Corporate Director for Governance and Community Strategy and the Corporate Director of Finance and Systems, to finalise terms for the proposed agreement.

3. That authority be delegated to the Corporate Director for Place in consultation with the Executive Member for Investment, Regeneration and Strategic Planning, the Corporate Director for Governance and Community Strategy and the Corporate Director of Finance and Systems, to exercise the option granted by the agreement and to call for a lease to be granted on the terms set out in the related Part II report.

4. That authority be delegated to the Corporate Director for Governance and Community Strategy to enter into any documents required to implement the above recommendations.

5. That it be agreed that the Council should continue to work with UA92 and other interested parties to facilitate and enable the development of student accommodation within Old Trafford and Stretford which is consistent with the proposed masterplanning for those areas, using the powers at its disposal where reasonable and appropriate and subject to further Executive approval as required.

The Executive Member for Investment, Regeneration and Strategic Planning submitted a report which set out proposals for the Council’s involvement and investment in the development and management of student accommodation in relation to UA92. Supplementary financial details relating to the proposal were considered in Part II of the agenda. (Minute 41 below refers.) An opportunity was provided for Members to raise questions on the report’s content; these focussed on the Council’s longer-term approach to the availability of student accommodation in respect of UA92.

            RESOLVED -

(1)       That it be approved that the Council enter into an agreement to secure an option to take on a lease of West Point on the terms set out in the report and in the related Part II report.

(2)       That authority be delegated to the Corporate Director, Place in consultation with the Corporate Director for Governance and Community Strategy and the Corporate Director of Finance and Systems, to finalise terms for the proposed agreement.

(3)       That authority be delegated to the Corporate Director for Place in consultation with the Executive Member for Investment, Regeneration and Strategic Planning, the Corporate Director for Governance and Community Strategy and the Corporate Director of Finance and Systems, to exercise the option granted by the agreement and to call for a lease to be granted on the terms set out in the related Part II report.

(4)       That authority be delegated to the Corporate Director for Governance and Community Strategy to enter into any documents required to implement the above recommendations.

(5)       That it be agreed that the Council should continue to work with UA92 and other interested parties to facilitate and enable the development of student accommodation within Old Trafford and Stretford which is consistent with the proposed masterplanning for those areas, using the powers at its disposal where reasonable and appropriate and subject to further Executive approval as required.