Agenda item
Provision of Loan Funding to Celtic Leisure Limited
Report of the Head of
Finance
Decision:
1.
That a loan in the sum of £250,000 to Celtic Leisure Limited, be
approved;
2.
That delegated authority be granted to the Head of Finance, in
consultation with the Head of Legal Service, to enter into a loan agreement
detailing the arrangements between the Council and Celtic Leisure Limited.
Minutes:
Decisions:
1.
That a loan in the sum of £250,000 to Celtic Leisure Limited, be
approved;
2.
That delegated authority be granted to the Head of Finance, in
consultation with the Head of Legal Services, to enter into a loan agreement
detailing the arrangements between the Council and Celtic Leisure Limited.
Reason for Decisions:
To
help finance modernisation works at Pontardawe Leisure Centre.
Implementation of
Decisions:
The
decisions will be implemented after the three day call in period.
Supporting documents: