The Chairman informed that as further information had just been received on funding in respect of the New Brighton development, he had agreed to take this item of urgent business to enable the development to proceed within the timescale laid down.

A report by the Deputy Chief Executive/Director of Corporate Services served to update Members on the progress of the New Brighton development and detailed issues associated with the legal agreements in place to reflect proposed changes to the programme of development.

In view of the urgency of this matter, the Cabinet was asked to consider waiving the “call-in” process.

Resolved: That

(1)  The variations to the supplemental Development Agreements as set out in the report be agreed.

(2)  The Deputy Chief Executive/Director of Corporate Services, in conjunction with the Director of Law, HR and Asset Management be authorised to:

  (a)  negotiate and complete any necessary documentation

  (b)  negotiate and conclude the funding agreement with Neptune Wirral Limited.

(3)  In view of the urgency of this matter, the call-in process be waived.