Decision details

Following presentation of the Item and debate, the Part 2 Item was considered. The meeting then returned to Part 1 in order to make the decision.

RESOLVED: That a variation to the mortgagee in possession provisions in the stock transfer agreement as proposed by settle (North Hertfordshire Homes) be agreed.

REASON FOR DECISION: To amend the stock transfer agreement to allow settle to raise funding to increase the housing that it can build, with the expectation that a proportion of this would be in North Hertfordshire.