Issue - meetings

To consider a request for loan support from the Property Investment Fund towards the remodelling of the Kingsgate Centre.

Officer: Adele Buckley - Head of Strategic Assets and Regeneration and Liz Jefferson - Strategic Partnership Lead - Regeneration Delivery Tel: 01484 221000

That Cabinet:-

1.    Agreed to a loan from the Property Investment Fund for the remodelling of the Kingsgate Centre in accordance with the details set out in the private appendix of the report;

2.    That the Strategic Director, Economy and Infrastructure, in consultation with the Portfolio Holder for Corporate, having sought appropriate advice from the Service Director, Legal, Governance and Commissioning and the Service Director, Finance, be authorised to carry out appropriate due diligence on the proposal to offer a loan from the Property Investment Fund; and

3.    That the Service Director, Legal, Governance and Commissioning, be authorised to enter into any documentation required to agree the Property Investment Fund loan and to protect the Council’s position as lender.