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 to extend an existing loan for a further 2 years that expires on 31 October 2024.
Kieren Turner-Owen, West Midlands Development Capital, outlined the main reasons for the loan extension.
Resolved that:
1. The extension of a loan to Rainer Developments (Tenby Street) Limited for a term of 2 years under the Commercial Investment Fund/Residential Investment 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: