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AGREED: that
 
1)   
the signing of a Works Optimisation and Services
agreement (WoS) with ‘Cenergist’ the appointed service
provider be approved. In accordance with the Re:fit 4 call off
contract procedures to deliver the works as set out in the
Investment Grade Proposal (IGP) attached in Appendix 1.  Value of WoS = £1,395,658
 
2)   
an invest to save loan agreement with SALIX be
signed for the value of £600,000 with an interest rate of
2.05% repaid over 10 years.
 
3)   
Subject to receipt of Welsh Government Ynni Capital
Grant funding  the contract be varied
using contract variation procedures set out within WoS agreement,
to revise the IGP to deliver additional works specifically covered
by the Welsh Government Ynni Capital Grant funding.  Additional value of variation is subject to
receipt of funding requested from Welsh Government = +
£837,719