Issue details - Agreement of loan agreements for 75 North Street and approval to release funding to Mercury Land Holdings Limited

Issue details

Agreement of loan agreements for 75 North Street and approval to release funding to Mercury Land Holdings Limited

 

 

The Leader of the Council will be asked to agree that the negotiation and finalisation of the loan agreements, provided they are broadly consistent with the Heads of Terms, and the decision to release funding subject to satisfactory financial due diligence,  be delegated to the Section 151 officer in consultation with the Director of Legal and Governance.

 

Decision type: Key

Decision status: Recommendations Approved

Notice of proposed decision first published: 18/12/2017

Decision due: 22 Mar 2018 by Statutory Section 151 Officer Finance

Lead director: Director Neighbourhoods

Contact: Christopher Hobbs Email: christopher.hobbs@havering.gov.uk Email: chris.hilton@havering.gov.uk.

Consultation process

You can comment on this matter in writing or by email to the report author at least 14 days prior to the date of the decision.

Consultees

All relevant Members, Officers and Business Partners will be consulted.

Decisions

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