Issue details
WEST HERTS CREMATORIUM JOINT COMMITTEE – LOAN AGREEMENT
To seek Council approval for Three Rivers as
one of the partner authorities of the West Herts Crematorium Joint
Committee, to enter into a loan facility agreement with Dacorum
Borough Council for a loan facility of £6 million as part
funding towards a c.£8 million development of a new
crematorium in Hemel Hempstead.
Also to seek Council approval to sign a Deed of Contribution and
Indemnity with all five partner authorities of the West Herts
Crematorium Joint Committee and thereby underwriting one fifth of
the loan should the joint committee default on repayment of the
loan.
Decision type: Non-key
Decision status: Recommendations Approved
Wards affected: ;
Decision due: 7 Sep 2020 by Cabinet
Decision due: 13 Oct 2020 by Council
Lead member: Portfolio Holder for Resources
Lead director: Director of Finance
Department: Finance
Contact: Alison Scott, (Shared Services) Director of Finance Email: alison.scott@threerivers.gov.uk.
Decisions
- 10/09/2020 - West Herts Crematorium Joint Committee – Loan Agreement
- 29/10/2020 - West Herts Crematorium Joint Committee – Loan Agreement
Agenda items
- 07/09/2020 - Cabinet West Herts Crematorium Joint Committee – Loan Agreement 07/09/2020
- 13/10/2020 - Council West Herts Crematorium Joint Committee – Loan Agreement 13/10/2020
Documents
- WEST HERTS CREMATORIUM JOINT COMMITTEE – LOAN AGREEMENT
Background papers