Review of Kirklees College Review of Short Term Loan Facility
A report setting out a proposal and seeking approval to make a variation to the existing terms of the Short Term Loan Facility available to Kirklees College.
(The report is recommended for consideration in private because the information contained in it is exempt information within Part 1 of Schedule 12A of the Local Government Act 1972, as amended by the Local Government (Access to Information) (Variation) Order 2006. It is considered the report contains information relating to the financial or business affairs of any particular person (including the authority holding that information). The public interest in maintaining the exemption, which would protect the interests of the Council and third party organisations concerned, outweighs the public interest in disclosing the information and providing greater openness in the Council’s decision making.)
Officer: Paul Kemp 01484 221000
Decision:
(1) That approval be given to the extension of the availability of the short term loan facility to Kirklees College for a maximum of £6m until 31 December 2018 to assist in the development of the Dewsbury Education Village Project.
(2) That authority be delegated to the Assistant Director (Place) and the Assistant Director (Legal, Governance and Monitoring) to negotiate and agree the terms of a variation to the existing College Loan Agreement to facilitate the extension.