Decision details

Council Owned Companies Business - Phoenix Avenue and Fosters

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes



1)        the resolution of WBC (Holdings) Limited to approve further funding for the build of Phoenix Avenue and Fosters be noted;


2)        further funding of up to £2.141million for the development of Phoenix Avenue and Fosters Extra Care from Council capital resources and to on-lend to WBC (Holdings) Limited at interest rate of 6% be approved.


Wards Affected: Bulmershe and Whitegates; Norreys;

Declarations: Councillor Pauline Jorgensen declared a personal interest.

Dispensations: None

Publication date: 30/07/2015

Date of decision: 30/07/2015

Decided at meeting: 30/07/2015 - Executive

Effective from: 08/08/2015

Accompanying Documents: