Agenda item - Royal Pavilion Museums Trust Loan Agreement
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Agenda item
Royal Pavilion Museums Trust Loan Agreement
Report of the Cabinet Member for Culture, Heritage, and Tourism
Decision:
1) Cabinet approve the drawdown of a £1 million cashflow loan to RPMT in line with the loan agreement dated 30th September 2020 and agrees the loan repayment schedule included at paragraph 3.9.
Minutes:
11.1 Cabinet considered a report that request approval for a drawdown of a £1 million cashflow loan to the Royal Pavilion Museums Trust in line with the loan agreement dated 30th September 2020 and to agree the loan repayment schedule.
11.2 Councillor Sankey contributed to the debate of the report.
11.3 Resolved-
1) Cabinet approve the drawdown of a £1 million cashflow loan to RPMT in line with the loan agreement dated 30th September 2020 and agrees the loan repayment schedule included at paragraph 3.9.
Supporting documents:
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