Issue - meetings

Approval is sought for the acceptance of a brownfield infrastructure and land funding grant, for Oldham Mumps, Princes Gate

The Cabinet considered a report of the Director of economy which advised members that the Council had secured capital funding, by way of a grant from Greater Manchester Combined Authority (GMCA), to help support the development of new homes at Princes Gate, Oldham Mumps.

The recommendations in the report were presented to confirm the value of the grant available to Oldham Council and to notify Cabinet of the intention to accelerate the delivery of circa 347 new homes at this location with Council’s Private Sector Partner – MUSE.

Options/alternatives considered:

Option 1 – That Oldham Council doesn’t accept the offer of grant from the Brownfield Infrastructure and Land Grant Funding and inform GMCA of the decision not to progress with the grant acceptance.

Option 2 – That Oldham Council progress the project proposals and confirm acceptance of the grant. This was the preferred option, as the site was part of the approved project with the Council’s appointed Private Sector Partner which was a key component of the Creating a Better Place programme. The funding provided an opportunity to progress to development without a reliance on the Council’s Capital Programme.

Resolved:

1.    That Cabinet confirms acceptance of the grant from Greater Manchester Combined Authority (GMCA)

2.    That Cabinet delegates authority to the Director of Economy to agree and enter into grant award letter and other associated agreements with GMCA.

3.    That Cabinet delegates authority to the Director of Legal Services, or his appointed nominee, to formalise any necessary legal requirements including signing and/or sealing any documentation required to give effect to the recommendations and/or delegations in the submitted report.

4.    That Cabinet delegates authority to the Director of Economy and/or his appointed nominee, to approve the appointment of external legal advisers required to protect the Council’s interests and to give effect to the recommendations in the submitted report.