Deficit Funding Agreement with Servite
Forward Plan Ref: 2009/135
Contact: Laurence Dowden, Service Manager, Major
Programmes, Social & Community Services Tel: (01865) 323685
Sue
Ryde, Service Manager Strategy & Performance
(Infrastructure), Social & Community Services Tel: (01865) 862529
4.00 pm
Report
by Head of Social & Community Services (CMDL4).
This report seeks to end the Deficit Funding Agreement
with Servite with respect Old Station House,
Abingdon. In order to end the agreement a capital payment to Servite is required. This report seeks approval to that
payment being made through Prudential Borrowing. The annexes attached to the
report set out the financial savings achieved for the Authority by adopting
this approach. It also seeks approval to the service being transferred to the
Order Of St John as part of the contract with Oxfordshire Care Partnership.
The public
should be excluded during this item
because its discussion in public would be likely to lead to the disclosure to
members of the public present of information in the following category:
3. Information relating to the financial or
business affairs of any particular person (including the authority holding that
information)
and since it
is considered that, in all the circumstances of the case, the public interest
in maintaining the exemption outweighs the public interest in disclosing the
information.
The
Leader of the Council is RECOMMENDED that approval is given to the ending of
the DFA agreement and lease with Servite, subject to
the issue of the repayment of the mortgage being agreed by the appropriate
parties, and new arrangements being made with an alternative provider as
indicated above.
Minutes:
Approval
is given to the action set out in the report, subject to the conditions
outlined there in, and to new arrangements being made as detailed.