Issue - meetings

UPDATE ON THE GRAFTON CENTRE, ALTRINCHAM

Meeting: 24/01/2022 - Executive (Item 80)

80 UPDATE ON THE GRAFTON CENTRE, ALTRINCHAM pdf icon PDF 325 KB

To consider a report of the Executive Member for Housing and Regeneration.

[NOTE: A related report is to be considered in Part II of this agenda.]

Minutes:

The Executive Member for Housing and Regenerationsubmitted a report providing an update on the Grafton Centre Altrincham and setting out reviewed proposals for the way forward. In discussion, Members raised issued relating to financial aspects of the proposals, including capital estimates and rental income. These were discussed in greater detail in Part II of the meeting.

 

          RESOLVED -

 

(1)      That the update since the development was acquired be noted.

 

(2)      That the proposed Centre / interim Asset Management Strategy be approved.

 

(3)      That £400k capital investment, funded from borrowing, be approved, for necessary repairs to the site to prevent further deterioration in the income stream.

 

(4)      That authority be delegated to the Corporate Director of Place to procure and agree the relevant contracts to implement the Centre / Asset Management Strategy and commission the Project team to develop future site options.

 

(5)      That authority be delegated to the Corporate Director of Governance and Community Strategy to finalise and enter into any documents in order to give effect to the content of the report.