Issue - decisions

GM Housing Investment Loans Fund / City Deal Receipts – Investment Approvals

08/07/2020 - GM Housing Investment Loans Fund / City Deal Receipts – Investment Approvals

1. To approve a GM Housing Investment Loan Fund loan of £5.000m to Heath Farm Lane LLP for the construction of 148 homes on a site known as Heath Farm Lane, Partington.
2. To approve a loan of £0.981m to be funded with City Deal Receipts to Specialist Care Developments Ltd for the construction of 12 apartments on a site on Stephenson Street, Oldham.
3. To delegate authority to the GMCA Treasurer acting in conjunction with the GMCA Monitoring Officer to prepare and effect the necessary legal agreements.
4. To approve the above decisions as urgent and the seeking of exemption from call-in by the Overview and Scrutiny Committee.