TOWN COUNCIL RESOLUTION TO BORROW

Published: 14 February 2022

At a meeting of the Hornsea Town Council on Monday 25th October 2021 it was RESOLVED to seek the approval of the Secretary of State for Housing, Communities and Local Government to apply for a PWLB (Public Works Loan Board) loan of £89800.00 over the borrowing term of 25 years for the Edenfield Cemetery Roadway project.  The annual loan payments will come to around £4726.94.  It is not intended to increase the council precept for the purpose of the loan repayments.

 

At a meeting of the Hornsea Town Council on Monday 21st February 2022 it was RESOLVED to seek the approval of the Secretary of State for Housing, Communities and Local Government to apply for a PWLB loan of £211939.00 over the borrowing term of 25 years for the development of the Esplanade Depot.  The annual loan repayments will be around £11478.18.  It is not intended to increase the council precept for the purpose of the loan repayments.

 

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If you have any views or opinions you wish to feed in please contact the Town Council direct.