6. PROVISION OF A BUSINESS LOAN TO BLACKPOOL AIRPORT OPERATIONS LIMITED PDF 295 KB
To consider a loan from the
Council’s Business Loans Fund to Blackpool Airport Operations
Limited.
Additional documents:
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.