This is a default template, your custom branding appears to be missing.
The custom branding should be at https://www.kent.gov.uk/_designs/moderngov/template if you cannot load this page please contact your IT.
Technical Error: Error: The request was aborted: Could not create SSL/TLS secure channel.
A non-key decision is required to agree the further exploration of debt portfolio restructuring, via the commissioning of an external company to engage relevant parties to assess the potential for more favourable terms.
Any changes recommended by this exploration will be subject to a future key decision.
This exploration supports the Strategic objectives relating to the need to ensure KCC delivers value for money and puts every pound of tax-payer money to good use, and will enable debt to be managed more flexibly to better suit the Council’s long term cash/borrowing needs.
As Cabinet Member for Finance and Traded Services, I agree to
(a) commission the Council’s Treasury Management Advisors, Arlingclose, at a cost of £150k to explore options and enter into discussions relating to the possible restructuring of KCC’s debt portfolio;
(b) And to delegate authority to the Head of Finance (Policy, Planning & Strategy) to enter in any agreements or contracts necessary to implement this decision.
Decision type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 31/07/2018
Anticipated restriction: Fully exempt - View reasons
Decision due: Not before 8th Aug 2018 by Deputy Leader and Cabinet Member for Finance and Traded Services
Reason: In order that the planned PRoD may be published for 5 clear working days
Lead member: Deputy Leader and Cabinet Member for Finance and Traded Services
Lead director: Dave Shipton
Department: Strategic & Corporate Services
Contact: Tel: 03000 416488 Tel: 03000 416488.
Consultees
Treasury Management Advisory Group (TMAG) are supportive of exploring options via the proposed activity.
Financial implications: Commissioning the external company involves a cost of £150,000.
Legal implications: None.
Equalities implications: None.