Issue - meetings

Report of Assistant Director of Finance

Purpose of report

To update Executive on the status of the loan to Silverstone Heritage Limited and agree a rephased payment plan.

Recommendations

The Executive resolves:

1.1         To agree to the extension of the payment term of the loan given to Silverstone Heritage Limited to March 2034.

Detailed under item 16

The Assistant Director of Finance submitted a report to update Executive on the status of the loan to Silverstone Heritage Limited and agree a rephased payment plan.

In introducing the report, the Deputy Leader and Portfolio Holder for Finance advised that there was a public and private version of the report due to aspects of the information containing commercially sensitive information. Executive would therefore make their decision following the exclusion of the press and public.