Agenda item

The Cabinet considered a report of the Corporate Director, Resources which sought approval for delegated powers to be utilised to enter into a debt refinancing arrangement for the Council’s Public Finance Initiative (PFI) covering Schools (for copy see file of minutes).

Councillor Napier responded to the questions raised by Councillor Temple about the budgeted costs of the finance package, early redemption costs, and the percentage benefits and risks involved.

Resolved:

That the recommendations in the report be approved.