Decision details

Bespoke / Custom Build Mortgage Bridging Loan Fund

Decision Maker: Council

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

Resolved

 

(1)          That the creation of a capital budget of up to £2,500,000 to be made available in the event that Executive agree the business case for the pilot scheme in January 2018 be approved.

 

(2)          That authority be delegated to the Chief Finance Officer to approve the final amount of each individual loan within the pilot scheme and the form of the loan agreements to facilitate those loans.

 

Report author: Claire Taylor

Publication date: 19/12/2017

Date of decision: 18/12/2017

Decided at meeting: 18/12/2017 - Council

Accompanying Documents: