Decision details

Recommendations from the Cabinet Committee on Asset Disposals

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To consider any recommendations from the Cabinet Committee in relation to asset disposals.

Decision:

1.  That the Business Plan for GRE5, as at Appendix 1 to the report be approved.

 

2.  Approved an increase in the loan facility by £5m to allow the work programme to continue in advance of any recovery via the legal proceedings, future grant from Homes England or leaseholder recovery. 

 

3.  Agreed to regular, at least quarterly, reports being presented to the Cabinet Committee updating on progress and risks and for a future report recommending approval of an updated shareholder agreement.

Report author: Patrick Hayes

Publication date: 10/03/2023

Date of decision: 20/03/2023

Decided at meeting: 20/03/2023 - Cabinet

Accompanying Documents: