Agenda item

 To receive notification of Council borrowing in relation to the West Witney Project.

The Committee received notice of borrowing approval from the Ministry of Housing, Communities & Local Government.

The Responsible Financial Officer (R.F.O.) advised that this was a formal document enabling the Council to apply for a loan to support the West Witney project. Following its approval, tender documents had been published, with contracts expected to be awarded in November. This was likely to necessitate an Extraordinary Council meeting.

Members welcomed the information and were pleased the project had progressed to this stage. The final loan amount would be known on receipt of the tenders.

Resolved:

That, the approval of borrowing (for a loan) from the Ministry of Housing, Communities & Local Government be noted.