Issue - decisions

Investment Opportunity 11

19/08/2020 - Investment Opportunity 11

To endorse the conclusions of the Investment Board and that

 

a.    The purchase of Investment Opportunity 11 at Chorley is agreed up to the sum of £60,000,000

b.    The funding ratio is on an 80% interest only and 20% repayment     basis.

c.    The purchase costs are capitalised.

d.    The purchase is made as a direct investment by Uttlesford District Council.

e.    The Director of Finance and   Corporate Services in consultation     with the Leader, Portfolio Holder for        Investments and Business, and the Portfolio Holder for Finance and Budget to conclude the acquisition; subject to recommendation f.

f.     Council is requested to endorse the   purchase and to authorise the            necessary borrowing.