Decision details

EXEMPT

RESOLVED:-

(i)        that the terms for refinancing the Building Schools for the Future (BSF) Phase 3 project, as outlined at paragraph 3.6 of the report submitted, be approved;

(ii)       that the Change in Law terms as outlined at paragraphs 3.11 to 3.20 of the report be approved;

(iii)      that the proposals be agreed in advance of the Education Funding Agency (EFA) written approval as outlined in paragraph 3.6 of the report; and

(iv)      that the Executive Director Core Services and the Service Director Funding (Section 151 Officer) ensure that financial close be reached on behalf of the Council and the necessary documentation be executed.