REPORT OF THE CABINET MEMBER FOR CORPORATE SERVICES
May 7, 2024 Cabinet (Cabinet collective) Key decision Approved 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
...to provide a loan facility of up to £1,300 to Branxton Parish Council, contingent on their agreement to the terms, confirmation of the loan amount needed after resident donations, and completion of a legal agreement.
Full council record
Purpose
This report provides details of a potential
loan facility to Branxton Parish Council of £1,300.
Content
RESOLVED
that Cabinet approve a loan facility of up to
£1,300 to Branxton Parish Council subject to the
following:
Branxton Parish Council
agreeing to the proposed terms and conditions;
Branxton Parish Council
confirming the amount required following the outcome of donations
from residents; and
The Council’s legal team
completing a legal agreement with Branxton Parish Council in
advance of any loan drawdown.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 7 May 2024 |
| Subject to call-in | Yes |