The Executive Meeting considered a proposal to enter into an indemnity agreement to support the establishment of a Greater Manchester Loan Fund and has agreed that, in order to enable the establishment of the proposed Fund and to give effect to the decision of the Greater Manchester Combined Authority of 21 January 2013:
· approval be given to enter into a Deed of Indemnity on the terms set out in the report, and
· the Council Solicitor be authorised to complete the necessary documentation.
(Note: the report included exempt information ‘not for publication’ contained in a confidential appendix that had been circulated to executive councillors only)