Issue - decisions
Approval for Funding to re-develop the Osbaldwick Travellers Site
06/11/2013 - Travellers Site Provision - Extension of Osbaldwick Site
[See also Part B minute]
Resolved: That Cabinet agree to approve Option 1to provide financial support for the extension of the Osbaldwick Travellers Site.
i)That Cabinet recommend to Council a capital budget of £763.5k to be funded from external grant of £423.5k and prudential borrowing of £340k.
iii)That Cabinet/Council note the prudential borrowing will be repayable from additional rental income and that the terms of the borrowing and repayments will be agreed by the Director of Customer & Business Support Services.
Reason: To ensure that the council plays an active role in meeting the long term accommodation needs of the travelling community