Issue details

United College Group Loan

Chief Executive, in consultation with the Deputy Leader, to determine whether the conditions set out in the report have been discharged.

Director of Finance, in consultation with the Deputy Leader, to set the interest rate and other terms of the loan.

Director of Finance, in consultation with the Deputy Leader, to conclude and execute the loan transaction or transactions referred to above, whether acting independently or with other lenders, including to make such minor adjustments to the precise terms as prove necessary.

Decision type: Key

Reason Key: Signficant expenditure/savings of £500k or more;

Decision status: For Determination

Wards affected: Dudden Hill; Tokyngton;

Notice of proposed decision first published: 08/11/2019

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
The exempt section contains commercially sensitive financial information which explains the financial implications of the loan between UCG and Brent.

Decision due: Before 31 Jul 2020 by Director of Finance

Lead member: Lead Member for Regeneration, Property & Planning

Lead director: Director of Finance

Department: Finance

Contact: Minesh Patel, Director of Finance Email: minesh.patel@brent.gov.uk Tel: 020 8937 4043.