Purpose

This report seeks approval for
the Council to enter into further joint venture
arrangements with Bruntwood to
create new residential accommodation at Stretford Mall, Stamford
Quarter and Lumina Village.

Decision

1)   
That the principle of the Council entering into a
new Joint Venture (JV) arrangement with Bruntwood as proposed
within the report on terms to be agreed, be approved.
 
2)   
That the delegation of authority to the Corporate
Director for Place, in consultation with the Executive Member for
Economy and Regeneration and the Director of Legal and Governance
to agree the terms and structure for a joint venture with Bruntwood
be approved.
 
3)   
That the nomination of the Leader of the Council,
the Corporate Director for Place and the Chief Executive or their
nominee as the Council Representatives on the Executive Boards of
the respective joint venture companies be approved.
 
4)   
That the delegation of approval to the three
Trafford Council nominees on the JV Executive Boards to agree the
commitment to each RIBA stage of design be approved.
 
5)   
That the delegation of authority to the Corporate
Director of Place in consultation with the Director of Legal and
Governance and Director of Finance and Systems to agree appropriate
legal agreements with Bruntwood to establish the JV partnership be
approved.
 
6)   
That the delegation of authority to the Director of
Legal and Governance to enter into appropriate legal agreements to
establish the JV partnership be approved.