Issue - meetings

To consider the joint report of the Directors of Resources and Housing and Adults and Health seeking approval to make a secured loan facility of £350,000 plus accrued interest available to Donisthorpe Hall care home in order to assist with the care provider’s financial recovery plan.

(Please note that Appendix 2a and 2b are designated as exempt from publication under the provisions of Access to Information Procedure Rule 10.4 (3))

The Director of Resources and Housing and the Director of Adults and Health submitted a joint report which sought approval to make a secured loan facility of £350,000 plus accrued interest available to Donisthorpe Hall care home in order to assist with the care provider’s financial recovery plan.

The Board noted the significant work which had been undertaken in respect of the required due diligence processes.

A Member highlighted the Council’s role of enabling a mixed economy of care provision for the city, and how the submitted proposals were in line with that role.

Following consideration of Appendices 2a and 2b to the submitted report designated as exempt from publication under the provisions of Access to Information Procedure Rule 10.4(3), which were considered in private at the conclusion of the meeting, it was

RESOLVED –

(a)  That the provision of a secured loan facility, funded from the Council’s balance sheet, from the Council to Donisthorpe Hall care home for the sum of Three Hundred and Fifty Thousand Pounds plus accrued interest, be approved, with this loan facility being allocated and repaid in accordance with the provisions stated in the submitted report and the exempt appendices 2a (including annexe A, B & C) and 2b;

(b)  That the Director of Adults and Health and the Director of Resources and Housing, in conjunction with the City Solicitor and the Chief Officer Financial Services, be authorised to ensure that the Board’s resolution (above) is implemented.