20. GM Housing Investment Loans Fund - Investment Approval Recommendations PDF 752 KB
Report of Steve Rumbelow, Portfolio Lead Chief Executive for Housing, Homelessness and Infrastructure.
Additional documents:
Decision:
1. That the Greater Manchester Housing Investment Loans Fund loans detailed in the table below, as detailed further in this and the accompanying Part B report be approved.
BORROWER |
SCHEME |
DISTRICT |
LOAN |
Capital & Centric (Cocoon) Ltd |
Farnworth Green |
Bolton |
£12.563m |
CitiHaus 7 Ltd |
The Highline |
Trafford |
£12.261m |
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 variations to the terms of various GM Housing Investments Loans Fund loans detailed in the table below which have been approved by the GMCA Chief Executive under delegated authority, as detailed further in this and the accompanying Part B report be noted.
BORROWER |
SCHEME |
DISTRICT |
LOAN |
Well Built Homes Ltd |
Hebron Street |
Oldham |
£0.810m |
Splash Contracts Ltd |
Medlock Road |
Oldham |
£1.600m |
Jubilee Way Estates Ltd |
Bury Magistrates Court |
Bury |
£4.344m |
GJS (Blade) Investments Ltd |
The Blade |
Manchester |
£32.438m |
AH2 Gee Cross Ltd |
Rowbotham Street |
Tameside |
£2.677m |