Issue - decisions

Amendment of the term of the Loan Facility with Peterborough Limited – KEY/19JUN23/01

19/06/2023 - Amendment to Peterborough Ltd Loan Facility* - JUN23/CAB/8

Cabinet considered the report and RESOLVED to:

 

1.     Approve the amendment to the expiry date of the £1.75m facility with PeterboroughLtd (originally approved by Cabinet in July 2018) from1 February 2024 to 1 February 2029. 

 

2.     Authorise the Director for Law and Governance (Monitoring Officer) and Executive Director for Corporate Services and S151 Officer to exercise delegated authority to finalise and agree all necessary legal agreements with Peterborough Ltd for the purposes of facilitating this arrangement.