Decision details

18/00045 - Lender Option Borrower Option (LOBO) Loan Restructuring

Decision Maker: Deputy Leader and Cabinet Member for Finance and Traded Services

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

As Cabinet Member for Finance and Traded Services, I agree to;

 

(a)  ENTER into necessary arrangements to prepay loans with KCC’s current lender and approve necessary refinancing; and

 

 (b)  AGREE to delegate authority to the Head of Finance (Policy, Planning & Strategy) to enter in any agreements or contracts necessary to implement this decision.

Publication date: 20/09/2018

Date of decision: 20/09/2018

Effective from: 28/09/2018

Accompanying Documents: