APPROVAL TO PROGRESS A PRIVATE FINANCE INITIATIVE (PFI) REFINANCING PROPOSAL
September 17, 2025 Executive Member (Finance & Resources) (Cabinet member) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to proceed with a Private Finance Initiative (PFI) refinancing proposal, contingent on completion within a year, delivery of a minimum expected share of refinancing gain for the Council, and approval from legal advisors on termination liabilities.
Full council record
Purpose
To benefit from existing market conditions and achieve value
for money for the Council via a PFI refinancing
proposal.
Content
That it be DETERMINED that:
The Council proceeds with the refinancing proposal on the
basis that :
·
The transaction is completed within one year of this
signed Executive Decision Notice.
·
The Council's share of the refinancing gain delivers the
expected minimum level.
·
There is approval from the Council’s legal advisers
on the termination liabilities.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 17 Sep 2025 |
| Subject to call-in | Yes |