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 type: Key
Reason Key: Significant expenditure or savings;
Decision status: Recommendations Approved
Wards affected: Stepping Hill;
Notice of proposed decision first published: 28/02/2020
This decision will be taken under urgency procedures.
Reason for urgency:
The Stockport School Prudential Borrowing request needs to be considered as an urgent matter as the schools contribution is critical in order for the overall school capital scheme to proceed. The scheme overall is approx. £7m and will be addressing key school conditions requirements (ie. Replacement roof, rewire and heating works) as well as providing essential additional school capacity in order for the LA to fulfil its statutory offer of sufficient basic need school places
Explanation of anticipated restriction:
n/a
Decision due: 17 Mar 2020 by Cabinet
Lead member: Cabinet Member for Finance & Resources
Lead director: Corporate Director for People
Department: Corporate and Support Services
Contact: Peter Hughes, Corporate and Support Services Email: peter.hughes@stockport.gov.uk Tel: 0161 474 3947.
Consultation process
non required
Forward Plan Reference: RCG12
Equality and/or Environmental Impact Assessment: n.a
Relevant Scrutiny Committee for the purpose of call-in: Corporate, Resource Management & Governance