Decision details
Local Management of Schools capital loan to Staunton-on-Wye Primary School
PDF 64 KBDecision Maker: Director of Children and Families (Historic)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To approve a loan from school balances of £60,000 to Staunton-on-Wye Primary School for a new permanent classroom annex in accordance with the council’s scheme for financing schools. The school loan scheme provides a valuable way of enhancing school buildings without using the council’s limited capital budgets.
Decision:
That:
(a) A capital loan of £60,000 to Staunton-on-Wye Primary School be approved at 0% interest, repayable at £7,500 per year from April 2020 for 8 annual instalments for a new permanent classroom annex.
Alternative options considered:
1. The alternative option is not to grant the loan as requested and in which case the additional facilities at the school will not proceed.
Consultees
Ward Member
Contact: Malcolm Green, Strategic Finance Manager Email: malcolm.green@herefordshire.gov.uk Tel: 01432 260818.
Publication date: 25/03/2019
Date of decision: 25/03/2019
Effective from: 30/03/2019
Accompanying Documents: