Purpose

This report will request the
Executive Mayor, in consultation with the Corporate Director of
Resources and S151 Officer to enter into a Letter of Comfort to the
Directors of Brick by Brick Croydon for a period of 12months from
the date of the audit.

Content

For the reasons set out in the
report and its appendices, the Executive Mayor RESOLVED
to:
 
2.1      
enter
into a Letter of
Comfort to be provided to Brick-by-Brick Croydon Ltd, exercising
the Council’s shareholder function and acting as Lender. A
draft letter has been provided in Confidential Appendix
A.
 
2.2       delegate to
Corporate Director of Resources to sign the letter on behalf of the
Council.