Decision details

Council Owned Companies' Business

Decision Maker: Executive

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Purpose: To consider various items related to the business of the Council owned companies, including their trading position

Decision:

That:

1)        the budget monitoring position for the month ending 31 August 2016 be noted;

 

2)         the operational update for the period to 30 September 2016 be noted;

 

3)        the short term loan facility for Optalis Limited of £350k, charged at base rate plus 5.5% be approved.

 

Wards Affected: None Specific;

Declarations: Councillors Pauline Jorgensen and Anthony Pollock declared personal interests in this item.

Dispensations: None

Reference Number: WBC871

Contact: Email: emma.lyons@wokingham.gov.uk Tel: 07769 957900.

Report author: Emma Lyons

Publication date: 27/10/2016

Date of decision: 27/10/2016

Decided at meeting: 27/10/2016 - Executive

Effective from: 05/11/2016

Accompanying Documents: