Issue - meetings

Report of the Head of Economic Growth and Housing

The Council considered the report of the Head of Economic Growth and Housing in relation to the approval of a supplementary capital estimate of £1.400m to enable the redevelopment of Southport Market.  The report outlined that the cost would be funded from a £0.500m direct grant by the Combined Authority and from a £0.900m accelerated grant as part of the Town Deal process.

It was moved by Councillor Maher, seconded by Councillor Fairclough and following debate the Chief Legal and Democratic Officer, Mr David McCullough officiated the vote and the Mayor declared that the Motion was carried and thereby:

RESOLVED: That:

(1)           a supplementary capital estimate of £1.400m for the redevelopment of Southport Market to be funded from a £0.500m direct grant by the Liverpool City Region Combined Authority and from a £0.900m accelerated grant as part of the Town Deal process, be approved; and

(2)           the future years revenue implications arising from the proposal, be noted and that those revenue implications be built into the council’s medium-term financial planning and annual budgets, be approved.