Issue details

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

Agenda items

Documents

  • WEST HERTS CREMATORIUM JOINT COMMITTEE – LOAN AGREEMENT  

Background papers

 

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