Issue - decisions

(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.