Issue - meetings
Aberdeen Science Centre Bank Guarantee
Meeting: 19/06/2018 - City Growth and Resources Committee (Item 22)
Aberdeen Science Centre Bank Guarantee - CUS/18/014
Additional documents:
- Restricted enclosure 2 , View reasons restricted (22/2)
- Restricted enclosure 3 , View reasons restricted (22/3)
Decision:
to approve the recommendation contained within the exempt report.
Minutes:
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.