Decision details

Prudential Borrowing Request - Stockport School

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider a request from Stockport School for a LA prudential borrowing loan to finance the schools contribution towards the costs of a joint LA/School capital scheme to increase capacity and address school condition issues

Decision:

The Cabinet considered and approved a request from Stockport School for a £0.659m Prudential Borrowing Loan to finance their contribution towards the cost of a joint Local Authority/ School capital scheme to address urgent and key health and safety issues and other conditional aspects of the school building on the terms detailed in the report.

Alternative options considered:

None.

Interests and Nature of Interests Declared:

None.

Reason Key: Significant expenditure or savings;

Wards Affected: Stepping Hill;

Equality and/or Environmental Impact Assessment: n.a

Decision Reference: CAB218

Declarations or conflicts of Interest: None.

Forward Plan Reference: RCG12

Other reasons / organisations consulted

non required

Contact: Peter Hughes, Corporate and Support Services Email: peter.hughes@stockport.gov.uk Tel: 0161 474 3947.

Report author: Peter Hughes

Publication date: 19/03/2020

Date of decision: 17/03/2020

Decided at meeting: 17/03/2020 - Cabinet

Effective from: 26/03/2020

Accompanying Documents: