Decision details

Appointment of the Fund Advisor for the Liverpool City Region Urban Development Fund

Decision Maker: Liverpool City Region Combined Authority

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

The Liverpool City Region Combined Authority:

 

a)    approved a budget of up to £1,415,395 for the Fund Advisory Fees until the end of the contract on the 31 December 2023;

 

b)    approved the appointment of Igloo Regeneration Limited (Company Registration Number 4057460) as Fund Advisor and set out the clear recommendations from the report which should be action focused and time bound; and

 

c)    approved delegated authority to the Director of Commercial Development and Investment, in consultation with the Monitoring Officer and the Combined Authority Treasurer, to finalise the terms of any legal documents, and enter into any legal agreements necessary to secure the services of a Fund Advisor to be engaged directly by the LCR UDF (GP) Ltd, the special purpose vehicle created to deliver the LCR UDF.

Publication date: 06/09/2019

Date of decision: 06/09/2019

Effective from: 14/09/2019