Further to our public consultation on Survey Monkey and the Parish Council meeting of 7th October, Councillors have resolved to apply for a loan from the PWLB.
- Cllr Ward explained the payment terms that had been agreed with all suppliers involved in the building project. It was noted that the public consultation on Survey Monkey had resulted in a response rate of just over 90% in favour of taking the loan of £50,000 over 18 months.
- It was Proposed: Cllr Curtis, Seconded: Cllr Harwood. Resolved: Unanimously to seek the approval of the Secretary of State for Housing, Communities & Local Government to apply for a PWLB loan of £50,000 over the borrowing term of 1.5 years (18 months) for the building of the Community Building / Pre-School. The annual loan repayments will come to around £990.00.
- It is not intended to increase the council tax precept for the purpose of the loan repayments.