Decision details

Discharge of Liability for Kent County Council Local Government Reorganisation Debt

Decision Maker: Cabinet

Decision status: Decision made

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report considered options for the repayment of the Local Government Reorganisation (LGR) debt to Kent County Council (KCC).

Decision:

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.

Reasons for the decision:

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: