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 £1m business loan to Blackpool
Airport Operations Limited (BAOL) over a 25 year repayment term
towards essential capital investment at Blackpool
airport.
- To
provide authority for the Head of Legal Services to prepare legal
documentation for the loan facility.
- To
delegate authority to the Chief Executive and the Business Loans
Panel to finalise any legal conditions.
Publication date: 24/03/2020
Date of decision: 23/03/2020
Decided at meeting: 23/03/2020 - Executive
Effective from: 28/03/2020
Accompanying Documents: