Decision details
Capital Contribution to West London Waste Authority
Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To consider making an up-front payment to the new residual waste treatment facility being built as part of the West London Waste procurement exercise.
Decision:
(i) that agreement in principle be given to a capital contribution of up to £15million, provided that a sufficient number of the other WLWA constituent boroughs agree to contribute as well (since the decision to proceed with the investment is dependent on support from others in order to reach a required level of investment);
(ii) that authority be delegated to the Deputy Director of Finance, after consultation with the Director of Legal and Procurement and the Deputy Leader of the Council to agree the final amount and terms of the loan;
(iii) that a progress report be submitted in due course.
Wards Affected: (All Wards);
Member/s' declarations of interest /: Appendix - less than 28 days' notice that it was not for publication.
Contact: Mick Bowden, Operational Director, Finance Email: mick.bowden@brent.gov.uk Tel: 020 8937 1460.
Report author: Mick Bowden
Publication date: 18/07/2013
Date of decision: 15/07/2013
Decided at meeting: 15/07/2013 - Executive
Accompanying Documents:
- cent-wlwa-capital
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