114 STAMFORD QUARTER AND STRETFORD MALL LEASE REVIEWS PDF 390 KB
To consider a report of the Executive Member for Housing and Regeneration.
NOTE: An associated report is to be considered in Part II of the agenda.
[NOTE: The Leader of the Council declared a personal interest in this item in relation to his position as Chair of the Trafford:Bruntwood JV Partnership.]
The Executive Member for Housing and Regeneration submitted a report which sought approval for a change in the current lease arrangements to provide an improved scheme to the Council and to facilitate investment in the assets. Questions were raised, and answered, regarding the detailed nature of the transaction; and it was noted that further financial details would be discussed in Part II of the agenda.
(1) That the outline terms in relation to the changes to the lease arrangements be approved, as set out in the report considered in Part 2 of the agenda.
(2) That authority be delegated to the Corporate Director of Place, in consultation with the Director of Finance and Systems and the Corporate Director of Governance and Community Strategy to agree final terms for the leases.
(3) That authority be delegated to the Corporate Director for Governance and Community Strategy to enter into legal agreements as required to implement these recommendations.