Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Cabinet considered a report which sought approval for the release of the remainder of the approved loan (£0.4m) to Rykneld Homes Ltd for refurbishment works at Hallowes Court, Dronfield.
RESOLVED that the release of the remaining loan of £0.4m to Rykneld Homes be approved.
REASONS FOR DECISION
Release of the remaining loan would allow Rykneld Homes Limited to carry out the required investment in their assets, improving the homes for tenants who live at Hallowes Court.
OTHER OPTIONS CONSIDERED AND REJECTED
To not release the loan. This was not recommended as the works needed to be carried out to maintain building safety consumer standards.
Report author: Director of Finance and Resources (Section 151 Officer)
Publication date: 15/05/2025
Date of decision: 15/05/2025
Decided at meeting: 15/05/2025 - Cabinet
Effective from: 23/05/2025