Decision Maker: Investment Board
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
The board considered a report of the Executive Director of Finance and Business Hub that sought approval of providing a CIF loan to the ‘Company’ for the sum specified in the report, to facilitate the development of c32,292 sqft of commercial/industrial/units/warehouses at Garretts Green Lane, Birmingham.
Resolved that:
1. The investment of providing a loan to the ‘Company’ for the sum specified in the report, for a term of 2 years under the Commercial Investment Fund/ Residential Fund as outlined in the report be approved and
2. The negotiation and approval of the final terms of the loan be delegated to the Director of Commercial and Investment be agreed.
Publication date: 16/09/2024
Date of decision: 16/09/2024
Decided at meeting: 16/09/2024 - Investment Board
Accompanying Documents: