Decision details

Kingsgate Property Investment Fund - Loan Extension

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Decision:

RESOLVED

 

1)    The approval be given to the extension of a loan from the Property Investment Fund, previously given for the remodelling of the Kingsgate Centre, for a period of one year until July 2026, in accordance with the details as set out in the exempt appendix to this report.

2)    That the Service Director (Legal, Governance and Commissioning) be given delegated authority to enter into any documentation required to agree the extension of the Property Investment Fund loan and to protect the Council’s position as lender. 

 

Report author: Liz Jefferson

Publication date: 10/06/2025

Date of decision: 10/06/2025

Decided at meeting: 10/06/2025 - Cabinet

Effective from: 18/06/2025

Accompanying Documents: