Decision Maker: Shareholder Committee
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
The Committee considered an exempt report from the Assistant Director of Finance & Section 151 Officer that gave an update on the Crown House loans position, and outlined possible future options.
The Assistant Director of Finance & Section 151 Officer explained that further due diligence work would need to be completed on the Committee’s preferred option, with a detailed report being brought to a future meeting for final decision.
The Committee asked detailed questions regarding the options, which were duly answered.
Resolved
(1) That the exploration of financial options and seeking of external guidance on the most appropriate approach to take be supported as set out in the exempt report.
Reason Key: Significant Expenditure or Savings and effect on communities in two or more wards;
Reason No Public Access: Paragraph 3 of schedule 12A in Local Government Act 1972.
Contact: Michael Furness, Assistant Director Finance & S151 Officer Email: michael.furness@cherwell-dc.gov.uk Tel: 01295 221845.
Report author: Michael Furness
Publication date: 19/12/2023
Date of decision: 13/12/2023
Decided at meeting: 13/12/2023 - Shareholder Committee
Effective from: 23/12/2023