Issue - meetings
Capital Programme Virement - Graven Hill
Meeting: 20/07/2020 - Council (Item 25)
25 Capital Programme Virement - Graven Hill 
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Report of Director of Finance
Purpose of report
To approve the virement of capital programme funding to support a Graven Hill development pilot part exchange scheme, recently approved by the Shareholder Committee.
Recommendations
The meeting is recommended:
1.1 To approve the virement of £2m from the existing ceased Bespoke Mortgage Scheme capital programme to finance a loan arrangement with Graven Hill Village Development Limited to support the offering of pilot part exchange scheme.
Additional documents:
Decision:
Resolved
(1) That the virement of £2m from the existing ceased Bespoke Mortgage Scheme capital programme to finance a loan arrangement with Graven Hill Village Development Limited to support the offering of pilot part exchange scheme be approved.
Minutes:
The Director of Finance submitted a report to approve the virement of capital programme funding to support a Graven Hill development pilot part exchange scheme, recently approved by the Shareholder Committee.
Resolved
(1) That the virement of £2m from the existing ceased Bespoke Mortgage Scheme capital programme to finance a loan arrangement with Graven Hill Village Development Limited to support the offering of pilot part exchange scheme be approved.