Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Decision:
The Executive agreed the
recommendations as outlined above namely:
- To
authorise the provision of a £27,100,000 plus fees loan over
a 25-year repayment period to the Foundation Trust, on the terms
outlined in Paragraph 5.4.
- To
delegate to the Director of Resources the approval of any further
detailed terms for the provision of the loan.
- To
authorise the Council’s Deputy Head of Legal Services to draw
up and enter into a suitable legal agreement with the Foundation
Trust.
Publication date: 23/05/2018
Date of decision: 21/05/2018
Decided at meeting: 21/05/2018 - Executive
Effective from: 26/05/2018
Accompanying Documents: