Decision details

Any Other Urgent Business - Loans of funds to Greensand Holdings Limited (Part Exempt)

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve in principle the advance of funds to Greensand Holdings Limited

Decision:

RESOLVED that:

(i)            The exempt information in relation to Loans of funds to Greensands Holdings Limited be noted.

(ii)          The Head of Legal and Governance, in consultation with the Head of Finance and Assets, the Leader of the Council, the Members of the Commercial Ventures Executive Sub-Committee, and the Executive Member for Place and Economic Prosperity, and subject to the completion of relevant due diligence, be authorised to finalise and enter into a loan agreement with Greensand Holdings Limited on the terms proposed in the exempt report set out in the Part 2 section of the agenda.

 

Reason Key: Expenditure > £250,000;

Corporate Priorities : A great council.;

Wards Affected: (All Wards);

Contact: Caroline Waterworth, Commercial and Investment Director Email: Caroline.Waterworth@reigate-banstead.gov.uk Tel: 01737 276025.

Publication date: 24/09/2019

Date of decision: 19/09/2019

Decided at meeting: 19/09/2019 - Executive

Effective from: 02/10/2019

Accompanying Documents: