With the approval of the Chairman of Growth, Environment, and Resources Committee, the urgency, special urgency, and waiver of call-in procedures have been invoked to suspend the requirement to advertise the decision on the forward plan, to publish the decision for five days, and to suspend the ability to call the decision in. These procedures has been invoked to ensure the continuity of the loan facility contract.
The Cabinet Member:
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 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.
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: 26/11/2019
This decision will be taken under urgency procedures.
Reason for urgency:
With the approval of the Chairman of Growth, Environment, and Resources Committee, the urgency, special urgency, and waiver of call-in procedures have been invoked to suspend the requirement to advertise the decision on the forward plan, to publish the decision for five days, and to suspend the ability to call the decision in. These procedures has been invoked to ensure the continuity of the loan facility contract.
Decision due: November 2019 by Cabinet Member for Finance and Corporate Governance
Lead member: Councillor David Seaton, Cabinet Member for Finance david.seaton@peterborough.gov.uk
Lead director: Executive Director Corporate Services
Department: Corporate Services
Contact: Carole Coe, Commercial Finance Manager Email: carole.coe@peterborough.gov.uk; Tel: 01733 384562 carole.coe@peterborough.gov.uk Tel: 01733 384562.
Relevant Scrutiny Committee: Growth, Environment, and Resources Scrutiny Committee