Decision details

The Business Manager – Law & Information Governance presented a report which updated Members in relation to the Council’s loan arrangements with Arkwood Developments Limited. It was reported that the terms of the loan agreement were now almost finalised, and once agreed in principle, there would be a final review in the context of new state subsidy rules before the agreement was finalised.

It was noted that the Director – Governance & Organisational Development and the Business Manager – Financial Services had previously been given delegated authority by the Committee to finalise and enter into the loan agreement on behalf of the Council.

AGREED (unanimously) that the report be noted.

Reason for Decision

To facilitate the progress of the housing development at Bowbridge Road by Arkwood Developments Limited, and future developments.