Issue - decisions

Resolved

That, in accordance with the Constitution Part 19 (4.1.16) in exercising the delegation afforded to him and in consultation with the Portfolio Holder for Finance, Property and Regeneration the S151 Officer agrees to:

(1)          Arrange the early repayment of the £25m PWLB loan to take advantage of the discount premium available.

(2)          Arrange replacement financing in line with the council’s current borrowing strategy.

(3)          Recommend to the Executive to transfer the annual amortised discount for 2025/26 and 2026/27 to reserves.