Issue - meetings

Report of Director of Operational Delivery

Purpose of report

To consider a loan to Kidlington Girl Guides to enable them to replace their current old and poor quality building

Recommendations

The meeting is recommended to:

1.1         Approve a low interest loan of up to £100,000 to Kidlington Girl Guides for a replacement guide building

Resolved

(1)          That, subject to the approval of budgets by Full Council, a low interest loan of up to £100,000 to Kidlington Girl Guides for a replacement guide building be approved.

The Director of Operational Delivery submitted a report to consider a loan to Kidlington Girl Guides to enable them to replace their current old and poor quality building.

Councillor Billington, local ward member for Kidlington East, addressed the Executive and thanked the Executive for their consideration and support of this matter on behalf of Kidlington Girl Guides. 

Resolved

(1)          That, subject to the approval of budgets by Full Council, a low interest loan of up to £100,000 to Kidlington Girl Guides for a replacement guide building be approved.

Reasons

The Council does not have a grant scheme or budget which it can apply in these circumstances and therefore a loan is an appropriate means of funding consideration. Officers have adopted a number of criteria to apply in such circumstances which have been met by the Kidlington Girl Guides and hence it is recommended that a loan of up to £100,000 be offered to allow them to complete their new building.

Alternative options

Option 1: To offer a grant to KGG instead of the requested loan. This is not proposed as the Council does not have a grant scheme for this initiative.

Option 2: To offer only the £80k loan requested. This is not proposed as officers feel that the project does not have sufficient construction contingency.