Decision details
Heatlease Termination Payments
Reference: D41802
Decision Maker: Director of Environment and Housing
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Approval is sought to accept a financial offer for asset buy out of the remaining live assets on the 33 Heat Lease schemes which terminate between 2015/16 and 2017/18
Decision:
The Director of Environment and Housing agreed to approve acceptance of the lower Heat Lease final offer valuation of 10% of the initial value as proposed by Lombard Finance and as detailed in para 3.3 in the attached report.
Appendix 1 to this report has been marked as confidential under Access to Information Procedure Rules 10.4 (3) on the basis that it contains information relating to the financial or business affairs of any particular person (including the authority holding that information) which, if disclosed to the public, would, or would be likely to prejudice the commercial interests of that person or of the Council.
Reason Key: Expenditure > £250,000;
Wards Affected: (All Wards);
Other reasons / organisations consulted
Limited to VLS and Lombard
Contact: Steve Hunt, Chief Officer - Property and Contracts 3781092 Email: Steve.J.Hunt@leeds.gov.uk.
Publication date: 21/11/2014
Date of decision: 01/12/2014
Effective from: 09/12/2014
Accompanying Documents: