Decision details

Liverpool John Lennon Airport - Loan variation

Decision Maker: Chief Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The report provides an update on the performance of the loan facility provided by the LCRCA, in 2020, and sets out a set of valid reasons why an extension to the facility has been formally requested by the Airport. The report seeks agreement to the provision of the loan extension and terms under which it is being provided.

Decision:

In exercising authority in accordance with the Constitution (Part 3, Section H, Paragraph 3.4) the Chief Executive agreed that:

 

(i)          The update in respect of the Airport be noted;

 

(ii)         The course of action as set out in paragraphs 3.20-3.22 be agreed; and

 

(iii)       Delegated authority be grated to the Executive Director of Investment and Delivery in consultation with the Monitoring Officer and Treasurer to finalise legal agreements with Liverpool Airport Intermediate (No 3) Ltd to give effect to the course of action as set out in paragraphs 3.20-3.22

Publication date: 20/09/2022

Date of decision: 20/09/2022

Effective from: 24/09/2022

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