Decision details
Prudential Borrowing Request - Stockport School
PDF 78 KBDecision Maker: Cabinet
Decision status: Recommendations Approved
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: