Decision details
Decision Maker: Leader
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Decision required regarding the revised terms
of the repayment schedule due to impacts of Covid19
Decision:
The Leader AGREED:
That the negotiated terms of the repayment of the Council loans to Silverstone Heritage Limited are accepted:
Term of agreement 18 years (previously 7 years)
Interest:
5% from start of loan to 31st May 2020 (no change)
2.5% 1st June 2020 to 31st December 2022 (no change)
3.0% for January-December 2023, 2024 & 2025 (was 5%)
5.0% for January-December 2026-2040 (5% for the extended term)
Contact: Richard Ambrose Email: Richard.Ambrose@buckinghamshire.gov.uk.
Publication date: 17/06/2022
Date of decision: 17/06/2022
Effective from: 23/06/2022
Accompanying Documents:
- Report for Silverstone Heritage Loans PDF 725 KB
- Restricted enclosure View reasons restricted