Issue details

Loan to Mercury Land Holdings for the acquisition of an intended market rental scheme.

Decision type: Non-key

Decision status: For Determination

Notice of proposed decision first published: 21/03/2016

Anticipated restriction: Fully exempt - View reasons

Consultation process

Consultation will take place through the shareholder board meeting.

Consultees

Leader, lead member for Housing Company Development and oneSource Management

Mercury Land Holdings was set up to build and acquire properties to rent on the open market, are market value to enable the Council to protect overcrowding of accommodation, and to provide good quality accommodation to the market, whilst delivering a financial return to the Council.