Decision details
Local Management of Schools capital loan to Whitchurch primary
Decision Maker: Director for children's wellbeing (Historic)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To approve a loan from school balances of £78,037.40 to Whitchurch CE Primary School for a new classroom and meeting room 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 capital loan of £78,037.40 to Whitchurch CE Primary School be approved at 0% interest, repayable at £796.30 per month from September 2018 for 98 instalments for a new classroom and meeting room.
Alternative options considered:
1. The alternative option is to not grant the loan as requested and in which case the additional facilities at the school will not proceed.
Wards Affected: Ross West;
Contact: Mr Malcolm Green, Senior finance manager schools Email: Malcolm.Green@hoopleltd.co.uk Tel: 01432 260818.
Publication date: 16/04/2018
Date of decision: 16/04/2018
Effective from: 21/04/2018
Accompanying Documents: