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Announcement of RESOLUTION TO BORROW

At the Stratton St Margaret Parish Council meetings of 14 May 2019, 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 £850,000 over the borrowing term of 15 years for the partnership with Parkwood Leisure to assist with capital funding. The annual loan repayments will come to around £650,000.

It is not intended to increase the council tax precept for the purpose of the loan repayments.

If you have any views or opinions you wish to feed in, please contact the Parish Council Clerk; email: Clerk@strattonstmargaret.gov.uk