Issue details

Issue details

Loan to Low Carbon Hub in relation to Ray Valley Solar Farm

Cabinet, at its meeting on 16 June 2021, delegated authority to the Head of Corporate Strategy in consultation with the Cabinet Member for Zero Carbon Oxford to enter into a loan agreement with Low Carbon Hub on terms to be agreed by the Head of Financial Services / Section 151 Officer and the Council’s Monitoring Officer.

 

Cabinet, at its meeting on 10 November 2021, delegated authority to the Head of Financial Services/Section 151 Officer in consultation with the Head of Law & Governance and the Cabinet Member for Finance and Asset Management to enter into a loan agreement with Low Carbon Hub to undertake the necessary due diligence and approve the terms of the loan facility agreement and, thereafter, enter into any associated legal agreements that are necessary to give effect to the recommendations within this report.

 

Decision type: Key

Reason Key: Expenditure or savings of £500,000 or greater;

Decision status: Recommendations Approved

Notice of proposed decision first published: 08/10/2021

Decision due: Before 31 Mar 2022 by Head of Financial Services, Head of Corporate Strategy

Considered on: 29 Nov 2021 by Council

Lead member: Deputy Leader (Statutory) - Finance and Asset Management

Lead director: Head of Financial Services

Department: Financial Services

Contact: Bill Lewis, Financial Accounting Manager Email: blewis@oxford.gov.uk Tel: 01865 252607.

Reason date could change: Confirmed for this meeting

Is the date subject to change: No

Decisions

Agenda items