Decision details
Write off of debenture to Investors in Lincoln and re-investment of funding in priorities shared by LCC and Investors in Lincoln
PDF 98 KBDecision Maker: Leader of the Council (Executive Councillor: Resources and Communications)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Decision:
(1) That the write-off of the Lincolnshire County Council debenture in Investors in Lincoln to the value of £200,000 be approved.
(2) That approval be given for Lincolnshire County Council to enter into a legally binding agreement with Investors In Lincoln requiring the equivalent amount of £200,000 be invested by Investors in Lincoln in matters that are of shared importance to both Lincolnshire County Council and Investors in Lincoln.
(3) That the County Commissioner - Economy and Place be delegated authority for the oversight of the effective use by Investors in Lincoln of this funding.
Reasons for the decision:
As detailed in the report.
Alternative options considered:
As detailed in the report.
Publication date: 11/12/2018
Date of decision: 11/12/2018
Effective from: 15/12/2018
Accompanying Documents:
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