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: Cabinet Member for Regeneration, Planning & Property
Lead director: Director of Finance
Department: Finance
Contact: Minesh Patel, Corporate Director Finance and Resources Email: minesh.patel@brent.gov.uk Tel: 020 8937 4043.