Decision details

With reference to article 49 of the minute of meeting of the Finance, Policy and Resources Committee of 9 March 2017, the Committee had before it a report by the Chief Operating Officer which sought approval for entering into a new three-year Bank Guarantee arrangement with Bank of Scotland in support of Aberdeen Science Centre’s financial position, linked to the establishment of a renewed Strategic Partnership Agreement between the Council and Aberdeen Science Centre.

The report recommended:-

that the Committee approves entry by the Council into a new Bank Guarantee arrangement with Bank of Scotland, in support of Aberdeen Science Centre’s overdraft and card guarantee facility, at a reduced level of the sum outlined in the report at 5.2.2, from 1st April 2018 to 31st March 2021.

The Committee resolved:-

to approve the recommendation.