Decision Maker: Cabinet
Decision status: Decision made
Is Key decision?: Yes
Is subject to call in?: Yes
This report considered options for the
repayment of the Local Government Reorganisation (LGR) debt to Kent
County Council (KCC).
The Cabinet agreed that the Director of
Finance and Corporate Services be authorised to commence
negotiations with KCC to novate the debt (option 4).
The Cabinet agreed that a further report is submitted to Members,
explaining the full financial benefits before the decision to
novate is made.
This will allow Medway to control and manage
the LGR debt.
Publication date: 27/01/2004
Date of decision: 27/01/2004
Decided at meeting: 27/01/2004 - Cabinet
Effective from: 07/02/2004
Accompanying Documents: