Decision details

Further to Minute 44 (28 September 2010), Cabinet received and noted a report from the Chief Executive on the action taken on 31 May 2011 under the Urgent Action provisions of paragraph 17 of Article 1, Part B of the Council’s Constitution, in approving the following:

(i)  A loan of £650,000 to Dagenham Park Church of England School to support the proposed changes to the Building Schools for the Future (BSF) Private Finance Initiative (PFI) scheme to provide much needed additional learning space within the school, as detailed in the private and confidential appendices to the report;

(ii)  That the loan be repaid by the School over three years, as set out in Option 3 of the report; and

(iii)  That instructions be given to the BSF Local Education Partnership (LEP) for a variation of the works to Dagenham Park Church of England School as specified within the PFI contract.