(a)      Decision(s)

That no action be taken in relation to the invitation to the Council to participate in this Bond offer.

(b)       Reason(s) for Decision(s)

            Although appreciating the potential benefits to the community, Cabinet felt that its commitment to the scheme might be viewed as an endorsement of the Bond as an investment to the wider community.  Without making any judgement on the quality of the Bond offer as an investment, Cabinet felt that it was inappropriate for it to be in a position of effectively recommending investments through its actions.

(c)       Alternative Option(s) Considered

            To participate in this Bond offer.

(d)       Relevant Scrutiny Committee

            Finance and Services. 

(e)       Conflicts of Interest / Dispensation(s)

None.