RESOLVED:

That Cabinet:

(1)  approves the Full Business Case for the acquisition of the land and rights of Milton Pavement and unit 13-15 at St Werburgh’s Square thereby agreeing in principle for the Council to purchase these sites;

(2)  thereby authorises the Director of Economic and Housing Growth, in consultation with the Director of Finance and Investment to finalise the purchase of the sites on the terms that are substantially in accordance with the draft Heads of Terms set out at Appendix 2, noting that the Heads of Terms contain a number of conditions that must be satisfactorily met before the purchase can be deemed unconditional;

(3)  agrees that, once ‘Milton Pavements’ is acquired, this asset can be incorporated into the LLP Option Agreement on appropriate terms subject to approval of the LLP and the outcomes of consultation on regeneration plans; 

(4)  agrees that, once ‘Milton Pavements’ is acquired, this asset subject to planning permission and surveys can be demolished subject to the outcome of consultation on the regeneration plans;

(5)  agrees that the Council owned Birkenhead Market site can be incorporated into the LLP Option Agreement on appropriate terms and subject to the outcome of consultation on the regeneration plans; and

(6)  agrees that the site referred to as ‘Allport Lane – Bromborough’ be removed from the LLP Option Agreement.