Lender Option Borrower Option Call
July 23, 2026 Director of Finance (Officer) Awaiting outcome View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
Director of Finance decided to repay the loan in full on 23/07/2026. The lender has the option to call the loan on 28th July 2026 by increasing the interest rate or requesting full repayment of principal.
Full council record
Decision
The Lender has the option to call the loan on 28th July 2026 by either increasing the interest rate or requesting full repayment of principal.
Reasons for the decision
The recommendation is to repay the loan in full due to the significant increase in interest rate and the subsequent cost that would be incurred for the duration of the loan.
Alternative options considered
To accept the increased interest rate and retain the loan agreement until the next call date.
Details
| Decision date | 23 Jul 2026 |