• Decision details

    • 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: