Purpose

To allocate grant funding to First Choice
Homes Oldham for the purpose of enabling the asset transfer of the
St Mary’s heat network to OIdham’s procured Green New
Deal Partner once the tender is complete, as part of the GMCA Local
Net Zero Accelerator programme of which the Council is a grant
recipient. FCHO will be reimbursed expenses of up to £100K
for legal and financial advice they must procure in order to inform
an FCHO Board decision on the best way to transfer the
asset.

Content

RESOLVED - That:

Allocate grant funding to FCHO. Under this option, FCHO will be
able to invoice the Council for costs associated with the transfer
of St Mary’s heat network to the Council’s procured
Delivery Partner. The Council will use grant funding from the GMCA
Local Net Zero Accelerator programme to do this. This option will
maximise the likelihood of the successful transfer of the St
Mary’s heat network to the Council’s procured Delivery
Partner.