Issue - meetings
GREATER MANCHESTER INVESTMENT LOANS FUND - INVESTMENT APPROVALS
Meeting: 27/09/2019 - Greater Manchester Combined Authority (Item 26.)
26. GREATER MANCHESTER HOUSING INVESTMENT LOANS FUND - INVESTMENT APPROVAL RECOMMENDATIONS 
PDF 423 KB
Report of City Mayor, Paul Dennett, Portfolio Lead for Housing, Homelessness & Infrastrucutre.
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 |