The Cabinet received a presentation which included including an overview of the proposed scheme, progress to date and possible timescales for completion by those hoping to carry out the development work necessary.  Members were given an opportunity to ask questions.

A report by the Director of Law, HR and Asset Management served to  update Members on the proposed development at Oliver Street/Grange Road of a retail food store, and the Director of Law, HR and Asset Management sought directions for the way forward.

RESOLVED: That

(1)  the proposed developers be thanked for their informative presentation

(2)  the continuing progress in the delivery of this scheme be welcomed as it is regarded as very important to the regeneration of Birkenhead Town Centre;

(3)  the transfer of shares requested, as set out in paragraph 3.4 of the report, be approved; and

(4)  the Director of Law, HR and Asset Management be authorised to take all necessary steps to secure the successful delivery of the scheme on such terms as he considers to be the most advantageous to the Council to address the matters set out in the report and bring a further report to the Cabinet in due course, once negotiations are completed.