Decision details
Old Fire Station - Guarantor for Loan
Decision Maker: Delegated Decisions of the Board Member, Corporate Governance and Strategic Partnerships
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
This report will seek approval for the Council
to act as a guarantor fopr a loan to be obtained by CAF Venturesome
to support the revenue Business Plan for the organisation
Decision:
Resolved to agree
(1) That Oxford City Council will, in principle, act as guarantor for a loan facility of up to £115, 000 to be supplied by a social investment bank to Arts at the Old Fire Station;
(2) That authority be delegated to the Corporate Director of Finance and Efficiency to enter into an appropriate arrangement with the lender on terms that comply with the content of the officer’s report.
Report author: Laura Worsfold
Publication date: 03/08/2011
Date of decision: 03/08/2011
Decided at meeting: 03/08/2011 - Delegated Decisions of the Board Member, Corporate Governance and Strategic Partnerships
Effective from: 09/08/2011
Accompanying Documents:
- CEB Single Member Report Draft 5 PDF 94 KB View as DOC (1) 194 KB
- Arts at OFS - Business Plan - June11 PDF 360 KB View as DOC (2) 567 KB
- Arts at OFS business plan - appendix 4 - June 11 (2) PDF 105 KB View as XLS (3) 58 KB
- Copy of 10 OFS Risk Register - Updated 010611 PDF 28 KB View as XLS (4) 517 KB
- Arts at the Old Fire Station - Risk and SWOT PDF 21 KB View as DOC (5) 38 KB