West Norfolk Housing Company Loan Agreement Proposals
Additional documents:
Decision:
RESOLVED: The Shareholder Committee
1. Noted the timescales for gaining agreement to a Loan Agreement for WNHL.
2. Reviewed the process and concept of the Loan Agreements and recommend provisions or amendments for consideration, to those with delegated authority to agree the final terms of the drawdown facility for the companies.
Reason for Decision
To deliver affordable and private rented housing for acquisition by the council’s wholly owned housing companies to support the delivery of council corporate objectives.
Minutes:
The Assistant Director for Finance and Deputy Section 151 Officer presented the report.
The Chair invited comments from Board Members of West Norfolk Housing Company.
The Chair invited questions and comments from the Committee and Officers responded.
RESOLVED: The Shareholder Committee
1. Noted the timescales for gaining agreement to a Loan Agreement for WNHL.
2. Reviewed the process and concept of the Loan Agreements and recommend provisions or amendments for consideration, to those with delegated authority to agree the final terms of the drawdown facility for the companies.
Reason for Decision
To deliver affordable and private rented housing for acquisition by the council’s wholly owned housing companies to support the delivery of council corporate objectives.