Issue - decisions

Cabinet RESOLVED:

(1)    To note the overall financial position and the actions being taken to manage the issues arising.

(2)    To delegate to the Director of Finance, in consultation with the Deputy Leader, authority to revise the terms of the loan agreement between the Council and i4B Holdings Ltd and First Wave Housing to allow borrowing within all tenures provided by the Public Works Loan Board for the reasons detailed in paragraphs 4.10 to 4.12 of the report.