1. That the GM Housing Investment Loans Fund loans detailed in the table below, be approved:
|
BORROWER |
SCHEME |
DISTRICT |
LOAN |
|
SPV subsidiary of Albell Investment Ltd |
All Souls Rectory, Every Street |
Manchester |
£1.000m |
|
Waterside Places |
Islington Wharf Phase 4 |
Manchester |
£8.300m |
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