Resolution to Borrow

At the Blyton Parish Council meeting of 28th October 2019, it was RESOLVED to seek the approval of the Secretary of State for Housing, Communities & Local Government to apply for a Public Works Loan of £50,000 over the borrowing term of 10 years for completion of the Play Park Project. The annual loan repayments will come to around £5,665.

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

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