Crown House Banbury Limited Loan Positions
Exempt report of the Assistant Director of Finance and S151 Officer
Decision:
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.
Minutes:
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.