Resolution to Borrow

At the Mayfield and Five Ashes Parish Council meeting of 27 January 2020, it was RESOLVED to seek the approval of the Secretary of State for Housing, Communities & Local Government to apply for a PWLB loan of £2.35M up to 25 years for the construction of a community hall. The annual loan repayments will come to around £130,883. It is also intended to increase the precept for the purpose of the loan repayments by 122% which is the equivalent of an additional £130,883 a year. This has been subject to a precept increase consultation. If you have any views or opinions you wish to feed in, please contact the Parish Council direct.

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