Issue - decisions

Broughton House Loan Consolidation

13/05/2024 - Broughton House Loan Consolidation

a) approve the consolidation of the two existing loans totalling £4.1m into a single facility with Broughton House;

b) note that the Combined Authority Treasurer and Combined Authority Monitoring Officer will review the due diligence information in respect of the above investment, and, subject to their satisfactory review and agreement of the due diligence information and the overall detailed commercial terms of the investment, to sign off any outstanding conditions, issue final approvals and complete any necessary related documentation in respect of the loan noted above.