Decision details

The Executive received a report that considered the outstanding interest payment on a loan owed by North Downs Housing (NDH) to Guildford Borough Council (GBC) from 23 August 2022 to 31 March 2023. The loan related to the purchase of seventy residential properties.

The report was listed as exempt under paragraph 3 of Schedule 12A of the Local Government Act 1972 as it contained information relating to the financial and business affairs of the Council and the public interest in the report did not outweigh the public interest in maintaining the exemption.

RESOLVED:

The Executive resolved to defer consideration of the report to the meeting to be held on 19 June 2025.

Reason(s):

To allow time for the draft year end accounts to become available and for confirmation of the current cash position.