Decision Maker: Deputy Chief Executive - Graham Ebers
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Graham Ebers approved under delegated powers
following agreement by HoldCo (and previously Place and Growth
Leadership Team) for an initial long term loan to Loddon Homes to
fund the Golden Brick payment plus Sept/Oct construction costs for
Hatch Farm Dairies supported housing units as agreement with
The funds total: £687,500.00 for Golden Brick Payment and £764,000.00 for construction costs September 2021 and October 2021. Further tranches to be drawn down through to completion in January 22 up to approx. £3.06m (tbc).
The loan is to be charged at 3.5%.
To enable the purchase of 16 supported housing
units at Hatch Farm, Winnersh, which will be used to house Adult
Social Care service users.
No alternative option. The supported units
have been secured and provided through a s106 agreement with
Wards Affected: Winnersh;
Other reasons / organisations consulted
Contact: Graham Ebers Email: email@example.com Tel: 0118 974 6557.
Publication date: 04/10/2021
Date of decision: 29/09/2021