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
Persimmon.
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%.