Decision details
Approval of Guarantee and Securities on Facility Agreement (WL)
Decision Maker: Council Leader
Decision status: Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Aequus Shareholder’s agreement to the creation of a charge security or encumbrance in respect of the Obligor responsibilities and the share charge/debenture in respect of the Development Facility.
Decision:
To amend the Aequus “Facility Agreement” to allow Aequus Bath Quays Regeneration LLP to access the funding.
Reasons for the decision:
The LLP was created with the intention to regenerate the Bath Quays site, and its primary purpose therefore relates to its strategic and socio-economic responsibilities. Access to the funding that this decision would permit will further that purpose.
Alternative options considered:
None.
Publication date: 10/03/2026
Date of decision: 10/03/2026
Accompanying Documents:
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