PART 1
(OPEN TO THE PUBLIC)
ITEM NO.
REPORT OF THE DIRECTOR OF DEVELOPMENT SERVICES
TO THE LEAD MEMBER FOR CORPORATE SERVICES
ON 22 JULY 2003
TITLE: THE LIFT PROJECT - COLLATERAL WARRANTY
RECOMMENDATIONS:
That the Council enters into the Deed of Collateral Warranty with Salford PCT and
Vearncombe Associates Ltd
EXECUTIVE SUMMARY:
Vearncombe Associates Ltd have undertaken survey work in connection with the MAST
LIFT project for the PCT. Through entering into the Deed of Collateral Warranty the Council
can take the benefit of the warranties which the company gave to the PCT in relationship to
this work.
BACKGROUND DOCUMENTS: NONE
ASSESSMENT OF RISK: LOW
THE SOURCE OF FUNDING IS: NONE REQUIRED
LEGAL ADVICE OBTAINED Yes – from Ian Sheard
FINANCIAL ADVICE OBTAINED N/A
CONTACT OFFICER: Steven Durbar
WARD(S) TO WHICH REPORT RELATE(S) All
KEY COUNCIL POLICIES N/A
Report to lead member corp serv deed of collateral warranty
DETAILS
Vearncombe Associates Ltd have undertaken property surveys in connection
with the MAST LIFT project.
In order that both the Council and Salford PCT can rely on the work provided,
Bevan Ashford, solicitors to the MAST LIFT project have prepared a Deed of
Collateral Warranty to be signed by the Company, Council and the PCT.
There is no fee payable and entering into the Deed of Collateral Warranty is
beneficial to the Council.
Report to lead member corp serv deed of collateral warranty