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    • Decision details

    Loan to Luminus

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    • Printed decision PDF 55 KB

    Decision Maker: Cabinet

    Decision status: Recommendations approved

    Is Key decision?: Yes

    Is subject to call in?: Yes

    Decision:

    Agreed that a loan be provided to Luminus of up to £5.5m over 30 years to fund the new extra care home, subject to confirmation of the various legal, procedural and security issues highlighted in the report and agreement of the interest rate and authorised the Assistant Director, Finance and Resources, to make the loan following consultation with the Executive Councillor for Resources on these issues, subject to the Executive Councillor having the right to require agreement of the details to be determined by Cabinet.

    Reasons for the decision:

    In response to a request for a loan by Luminus.

    Report author: Steve Couper

    Publication date: 21/11/2013

    Date of decision: 21/11/2013

    Decided at meeting: 21/11/2013 - Cabinet

    Effective from: 30/11/2013

    Accompanying Documents:

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