Purpose

To seek authority to progress with the next
phase of Stockport Exchange, to authorise funding to prepare and
submit planning application and update remaining scheme
masterplan.

Content

The Cabinet considered
the Stockport Exchange Phase 5 relating to funding and a refresh of
the Stockport Exchange Masterplan and agreed to:-
 

(1) 
Give approval to the Council proceeds with a refresh of the
Stockport Exchange Masterplan and design and technical survey work
for a hybrid planning application for a c. 65,000 sq. ft Office
development in Phase 5 and an outline planning application for
phases 6, 7 and 8 Stockport Exchange Masterplan area within the
site area shown in Appendix 2.
 

(2) 
Delegate authority to the Deputy Chief Executive and Director of
Development & Regeneration, in consultation with the Cabinet
Member for Economy, Regeneration & Housing and the Cabinet
Member for Finance & Resources:
 

(i)           
to instruct all professional work required for the design stage and
submission or a hybrid planning application up to the value of
£876,469 with the costs being shared 50/50 between the
Council and Muse.

(ii)         
to enter into such documentation as required to document the
Council’s financial contribution towards the planning costs
on the terms set out in this report;
 
(3)
Delegate authority to the Assistant Director (Legal &
Democratic Governance) to do all things necessary or incidental to
the implementation of the above-mentioned resolutions.