Issue - decisions

Loan to the Sheffield Business Improvement District

01/04/2021 - Loan to the Sheffield Business Improvement District

That the Cabinet Member for Culture, Parks and Leisure:-

 

(a) agrees for the Council to pay a £70,000 loan to the Sheffield Business Improvement District following a successful ‘Yes’ vote;

 

(b) agrees for the Council to enter into a loan agreement, as further outlined in the report, with the Sheffield Business Improvement District which will allow an annual repayment plan over the five year term at ‘0’ percent interest rate; and

 

(c) to the extent not already delegated to them by the Leader’s Scheme of Delegation, delegates authority to the Executive Director of Place, in consultation with the Director of Legal and Governance and the Director of Finance and Commercial Services, to take any other decisions necessary in order to meet the aims and objectives of the report.