Decision - i360 Loan Restructure
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Decision details
i360 Loan Restructure
Decision Maker: Policy & Resources Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
This report updates on the timetable and
process for arriving at a final loan restructure for the loan from
the city council to the i360. Due to the timetable meaning that the
restructure cannot be completed before the end of December, the
report proposes that the December 2021 payment is taken upon
completion of the restructure and the payment is in line with what
it would have been had the restructure taken place prior to the end
of December 2021.
Decision:
RESOLVED:
(1) That the process and timetable for officers to come back to committee with a proposed final restructure of the loan to the i360 be noted; and
(2) That it be agreed that the December 2021 repayment should be taken upon completion of the restructure and should be for the sum that would be payable had the restructure completed before 31st December 2021.
Report author: Max Woodford
Publication date: 09/12/2021
Date of decision: 02/12/2021
Decided at meeting: 02/12/2021 - Policy & Resources Committee
Accompanying Documents:
PDF 150 KB