Consideration was given to a report which set out a request received from Mull and Iona Community Trust for a cash flow support loan in relation to a storage and business unit facility at Ardmore on the outskirts of Tobermory, Mull. The request related to an amendment to a previous cash flow support loan sought by the Mull and Iona Community Trust for the same project but which covered a different time period.
Decision
The Policy and Resources Committee approved the request for a cash flow loan of £100,000 over the amended time period and that it be processed through the existing delegated controls.
(Reference: Report by Executive Director – Development and Infrastructure Services dated December 2018, submitted)