Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To consider a proposal to refinance the senior
debt facility to the above project to realise a significant
financial benefit.
(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: