Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: June 10, 2025

Purpose: Request to extend Property Investment Fund loan for a period of one year.     Background papers;   Council – 15th November 2017 Decisions 15th-Nov-2017 17.30 Council.pdf   Cabinet 22 January 2019 - https://democracy.kirklees.gov.uk/documents/s26744/Item%2016%20CAB%20-%2019%20-%20002%20b%20-%20190110%20Kingsgate%20Cabinet%20Cabinet%20report%20public%20rep.pdf   Cabinet 19 January 2021 - https://democracy.kirklees.gov.uk/documents/g6593/Public%20reports%20pack%2019th-Jan-2021%2015.00%20Cabinet.pdf?T=10   Cabinet 9 July 2024 Decisions 09th-Jul-2024 13.30 Cabinet.pdf  

Content: RESOLVED –   1)    The approval be given to the extension of a loan from the Property Investment Fund, previously given for the remodelling of the Kingsgate Centre, for a period of one year until July 2026, in accordance with the details as set out in the exempt appendix to this report. 2)    That the Service Director (Legal, Governance and Commissioning) be given delegated authority to enter into any documentation required to agree the extension of the Property Investment Fund loan and to protect the Council’s position as lender.