Issue details

To approve the council entering into a development facility agreement and a funding agreement with Cheltenham Borough Homes for up to £100 million to finance the capital costs of delivery of the new housing by CBH.

Decision type: Key

Reason Key: Requires a budget expenditure or saving of £100,000 or more;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 28/11/2019

Contact: Paul Jones, Deputy Chief Executive (Section 151 Officer) 01242264365 Email: [email protected].

Consultation process

Authority given to conclude the required agreements between the council and CBH. One Legal have been involved in the drafting the terms of the agreements with CBH’s external lawyers.

Consultees

Managing Director Place and Growth and Cabinet Member Housing and One Legal.

Decisions

28/11/2019 - To approve the council entering into a development facility agreement and a funding agreement with Cheltenham Borough Homes for up to £100 million to finance the capital costs of delivery of the new housing by CBH.