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Issue details

Amendment of Existing Loan Arrangements to Empower - KEY/05JUL16/01

Cabinet considered the report and:

 

1.      Approved the amendment of the terms of the Strategic Partnership with Empower Community Management LLP;

 

2.      Approved the amendment of the financing agreement with ECS Peterborough 1 LLP;

 

3.      Approved the due diligence on the purchase of the existing operational solar PV installation;

 

4.      Approved 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

 

5.  Delegated to the Corporate Director; Resources and Director of Governance the ability to finalise any individual matters including the amendment as necessary of any existing contractual documents.

 

Decision type: Key

Reason Key: Expenditure or savings greater than £500,000;

Decision status: Recommendations Approved

Notice of proposed decision first published: 06/06/2016

Decision due: 26 Sep 2016 by Cabinet

Lead member: Councillor David Seaton, Cabinet Member for Finance david.seaton@peterborough.gov.uk

Lead director: Acting Corporate Director Resources

Department: Resources

Contact: John Harrison, Corporate Director Resources Email: john.harrison@peterborough.gov.uk; Tel: 01733 452520 Email: john.harrison@peterborough.gov.uk Tel: 01733 452520.

Consultation process

Relevant internal and external stakeholders.

Relevant Scrutiny Committee: Sustainable Growth and Environment Capital

Meeting Open to Public: N/A

Decisions

Agenda items

Documents

  • It is not anticipated that there will be any documents other than the report and relevant appendices to be published.