Cabinet considered the report and RESOLVED to:
1. Approve a facility of £9m to provide funding for the initial project of Medesham Homes LLP;
2. Authorise the Director of Governance and Corporate Director Resources to exercise delegated authority to finalise and agree all necessary due diligence on the project; and
3. Authorise the Director of Governance and Corporate Director Resources to exercise delegated authority to finalise and agree all necessary legal agreements with Medesham Homes LLP to secure the funding for the project.
Decision type: Key
Reason Key: Expenditure or savings greater than £500,000;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 09/06/2017
Anticipated restriction: Fully exempt - View reasons
Explanation of anticipated restriction:
The decision will include an exempt annexe. By virtue of paragraph 3, information relating to the financial or business affairs of any particular person (including the authority holding that information).
Decision due: 10 Jul 2017 by Cabinet
Lead director: Executive Director Corporate Services
Department: Corporate Services
Contact: Marion Kelly, Interim Service Director Financial Service Email: marion.kelly@peterborough.gov.uk, Tel: 01733 384564 marion.kelly@peterborough.gov.uk.
Consultation process
Relevant internal and external stakeholders.
Relevant Scrutiny Committee: Growth, Environment and Resources Scrutiny Committee