Decisions for issue BAi360 June 2019 Payment

RESOLVED: That the Committee -

1.     Noted the progress being made by BAi360 to return the attraction to a financially sustainable footing.

2.     Agreed to defer up to £1.342 million of the total payment due on 30 June 2019.

3.    Agreed not to take default action at this stage in relation to the failure to hit the financial ratios set out in the loan agreement.

4.    Agreed to inform the Board that any future deferral requests made after December 31^st 2019 should at a minimum ensure that  any interest payments  required by the Public Works Loan Board are borne by i360.