Decisions for issue Abbeycroft Leisure COVID-19 Loan Facility

Issue - decisions

Abbeycroft Leisure COVID-19 Loan Facility

12/11/2020 - Abbeycroft COVID-19 Loan Facility

Resolved:

 

That:

1.           The final principles of the terms and conditions of the £1,000,000 loan facility for Abbeycroft Leisure agreed by Cabinet on 21 July 2020 (Report Number CAB/WS/20/051), as set out in Section 2 of Report Number CAB/WS/20/072, be funded through usable capital receipts; and

 

2.           Delegated authority be given to the Council’s Section 151 Officer, in consultation with the Portfolio Holders for Resources and Performance and for Leisure, Culture and Community Hubs, and the Director, to agree the final details of the loan based on the principles as agreed above and enter into a loan agreement(s) with Abbeycroft Leisure.


 

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