Decision details

Kirklees Excellent Homes for Life project - Potential Refinance of Senior Debt

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To consider a proposal to refinance the senior debt facility to the above project to realise a significant financial benefit.

Decision:

(1)       That the potential financial benefits from refinancing the senior debt funding within the Excellent Homes for Life PFI project, be noted.

 

(2)       That authority be delegated to the Director of Resources to agree the terms of any refinance, and the Assistant Director (Legal and Governance), to enter into any documentation required to secure this, on the basis that the negotiated terms demonstrate a financial benefit to the Council and do not amend the current balance of risk between the parties.

Report author: Paul Kemp

Publication date: 23/09/2015

Date of decision: 22/09/2015

Decided at meeting: 22/09/2015 - Cabinet

Accompanying Documents: