Decision details
Fleet Management Loan Facility (F&R33)
PDF 205 KBDecision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Report to request the approval of a loan
facility with TLC for the management of fleet.
Decision:
The Cabinet has considered proposals for a new loan facility for fleet at Totally Local Company Ltd (TLC). This new loan, along with consideration of leasing will enable the Environmental Services Strategy which is currently being devised, and has:-
(1) Approved the provision of a loan facility to TLC to implement the Environmental Services Strategy with the terms of individual tranches, together with a financial appraisal, delegated to the Assistant Director, Finance/Deputy S151 Officer in consultation with the Cabinet Member for Finance & Resources.
(2) Delegated extensions to the value of the facility to the Assistant Director, Finance/Deputy S151 Officer in consultation with the Cabinet Member for Finance & Resources.
(NOTE: An appendix to this report contains information ‘Not for Publication’ that has been circulated to members of the Cabinet only).
Alternative options considered:
None.
Interests and Nature of Interests Declared:
None.
Reason Key: Not provided in capital programme;
Equality and/or Environmental Impact Assessment: N/A - Loan Facility
Decision Reference: CAB470
Declarations or conflicts of Interest: None.
Forward Plan Reference: F&R33
Other reasons / organisations consulted
Not required
Contact: Jonathan Davies, Corporate and Support Services Email: jonathan.davies@stockport.gov.uk Tel: 218 1025.
Report author: Kora Yohannan
Publication date: 27/06/2024
Date of decision: 25/06/2024
Decided at meeting: 25/06/2024 - Cabinet
Effective from: 04/07/2024
Accompanying Documents: