Decision details

West Herts Crematorium Consortium Loan Agreement

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To seek delegated approval for a long term loan to the West Herts Crematorium Consortium

Decision:

RESOLVED TO RECOMMEND;

1.    a £6m loan to the partner authorities of the West Herts Crematorium Joint Committee (WHCJC), and a supporting Deed of Contribution and Indemnity  and delegate authority to the Corporate Director , Finance and Operations in consultation with the Portfolio Holder for Finance and Resources to finalise terms of the required legal documentation.

 

2.    That Cabinet delegate authority to the Assistant Director of Finance and Operations in consultation with the Assistant Director, Corporate and Contracted services to agree a land management or lease agreement with one or all of the partner authorities of WHCJC for the proposed crematorium site on Bedmond Road.

 

Publication date: 24/09/2020

Date of decision: 22/09/2020

Decided at meeting: 22/09/2020 - Cabinet

Effective from: 02/10/2020

Accompanying Documents: