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The
Cabinet had before it a report * from the Deputy Chief Executive
(S151) to consider an additional long-term loan to the Redlands
Primary Care in Crediton. 
  
RESOLVED that:
 

Delegated authority be granted to the Deputy Chief Executive
(S151) to top-up c£70k of the original loan taking the
outstanding balance back to the original £2.175m.
An
additional loan to the GP Practice of £150k be
APPROVED.
Both loans are repaid by June 2048 on an annuity basis at a
commercially fixed interest rate, subject to the completion of
legal due diligence and documentation be
APPROVED.

 
Note: *Report previously circulated