Decision Maker: Head of Corporate Finance

Outcome: For Determination

Is Key Decision?: No

Is Callable In?: No

Date of Decision: May 31, 2024

Purpose: In order to diversify the Council’s investments further, ArlingClose, our treasury advisors suggested offering a credit facility to a Housing Authority that they have vetted and approve for us to work with. Offering this credit facility will earn a fee for the Council on any credit not utilised. If any of the credit facility is used, the Council will earn equivalent to current market conditions interest on that credit.

Content: Option 1 was selected and approved as it provided the best return on investment for the next three years.