Issue - decisions

GREATER MANCHESTER INVESTMENT LOANS FUND - INVESTMENT APPROVALS

01/10/2019 - GREATER MANCHESTER HOUSING INVESTMENT LOANS FUND - INVESTMENT APPROVAL RECOMMENDATIONS

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