That the Cabinet Member:

a)    notes the business case for making the funding arrangement in Appendix 1;

b)    notes the financial position in relation the Local Body in Appendix 2;

c)    authorises the funding arrangement as a loan of £500k to the Local Body is made on the basis of the Heads of Terms in Appendix 3; 

d)    delegate to the Chief Executive Officer in consultation with the Director of Finance authority to conclude all formalities to implement the loan on the basis of the Heads of Terms.