Decision Maker: Cabinet Member for Resources
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Cabinet considered the report and RESOLVED to:
1. Approve the amendment of the terms of the Strategic Partnership with Empower Community Management LLP as set out at paragraph 4.2;
2. Approve the amendment of the financing agreement with ECS Peterborough 1 LLP;
3. Approve the Council entering into such further agreements with ECS Peterborough 1 LLP and any other body necessary to facilitate the arrangements set out in this report; and
4. Delegate to the Corporate Director, Resources and the Director of Governance the ability to finalise matters 1 to 3 above.
Generate a surplus income which will contribute to the Renewable Energy Savings targets in the MTFS.
The Council has a discretion as to whether to extend the duration of the funding facility to ECSP1. However if the Council does not proceed it would lose the opportunity to receive the additional interest income from the projects financed in the period of the extension until their completion and subsequent re-financing takes place.
Publication date: 10/07/2017
Date of decision: 10/07/2017
Effective from: 14/07/2017
Accompanying Documents: