1.
That the GMHILF loans detailed in the table below, as detailed
further in this and the accompanying Part B report be
approved.
|
BORROWER |
SCHEME |
DISTRICT |
LOAN |
|
Renaker |
Bankside, Greengate |
Salford |
£54.143m |
|
Renaker |
Tower D2, Trinity Island |
Manchester |
£65.646m |
2. That it be approved for up to £20m of the GMHILF lending for the Bankside and Tower D2 schemes being substituted with City Deal Receipts, noting that this is subject to Homes England approval, and to delegate authority to the GMCA Treasurer to agree the exact composition of the lending between GMHILF and City Deal Receipts following further discussions with Homes England.
3. That the delegation of authority to the GMCA Treasurer acting in conjunction with the GMCA Monitoring Officer to prepare and effect the necessary legal agreements be approved.