The Cabinet Member:
2. Approved the amendment of the financing agreement with ECS Peterborough 1 LLP subject to finalising the payment plan for the receipt of interest and fees as detailed in paragraph 6.3.
3. Approved 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.
4. Delegated to the Corporate Director, Resources and Director of Law and Governance the ability to finalise matters 1 to 3 above.
5. Delegated to the Corporate Director, Resources the ability to extend the funding facility which will be included in the financing agreement at 3. above on a monthly basis for up to 4 months based on the methodology for extending the facility set out in this report.
Decision type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 28/03/2018
Decision due: 28 Mar 2018 by Cabinet Member for Resources
Lead member: Councillor David Seaton, Cabinet Member for Finance david.seaton@peterborough.gov.uk
Lead director: Director of Governance
Department: Corporate Services
Contact: Carole Coe, Commercial Finance Manager Tel: 01733 384562; Email: carol.coe@peterborough.gov.uk carole.coe@peterborough.gov.uk Tel: 01733 384562.