Decision details

GREATER MANCHESTER HOUSING INVESTMENT LOANS FUND - INVESTMENT APPROVAL RECOMMENDATIONS

Decision Maker: Greater Manchester Combined Authority

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

1.            That the GM Housing Investment Loans Fund loan in the table below, as detailed further in this and the accompanying Part B report be approved;

 

BORROWER

SCHEME

DISTRICT

LOAN

Wiggett Homes Ltd.

Perseverance Mill

Bolton

£2.126m

Hollins Homes (Lostock) Ltd

Hartley’s Farm

Bolton

£3.121m

Wigan Pier 3 Ltd

Wigan Pier

Wigan

£1.134m

 

 

2.            That authority be delegated to the GMCA Treasurer acting in conjunction with the GMCA Monitoring Officer to prepare and effect the necessary legal agreements.

 

3.            That the details of the loans for the following scheme which was approved under delegated authority be noted:

 

BORROWER

SCHEME

DISTRICT

LOAN

Lawrence Barrie Homes Ltd

Rectory Gardens

Wigan

£0.967m

 

Publication date: 01/10/2019

Date of decision: 27/09/2019

Decided at meeting: 27/09/2019 - Greater Manchester Combined Authority

Effective from: 09/10/2019

Accompanying Documents: