The report will update Members on progress with this key private sector led development in West Kirby. The report will consider further action. This is a priority for the Borough

The Deputy Chief Executive/Director of Corporate Services provided an update to members on progress with the Sail Project, further to the appointment of developers Carpenter Investments Ltd. on a 12 month lock-out basis in January 2008. The report summarised the developer’s progress and went on to seek members’ approval for an extension to the lock-out agreement in order for Carpenter Investments to provide further details in relation to a revised scheme proposal.

Resolved -That

(1)  a three month extension be approved from the current expiry date to the lock-out agreement with Carpenter Investments in order that the Developer can provide further details and to allow officers sufficient time to evaluate the information; and

(2)  the Director of Law, HR and Asset Management be authorised to complete the legal documentation required to extend the existing agreement for that period.