An update on the village hall project
An update from the council meeting on 17th January 2023
- Members reviewed the consultation feedback and agreed to proceed with the project
- Subject to minor amendments, the council agreed to submit a planning application to North Kesteven District Council for the works to the hall
- The council approved submission of a grant application to the National Lottery Fund
- Members discussed next steps and upcoming decision items
Approval for borrowing and a loan
In addition to the decisions and actions above, the council also unanimously resolved to submit an application for the approval to borrow funds. This application will be sent to the Secretary of State for Levelling Up, Housing and Communities to borrow funds of up to £500,000 from either the Public Works Loan Board or other appropriate source over the borrowing term of 30 years for the purpose of refurbishing the village hall, relocating the community hub and creation of a community meeting room and office. The annual loan repayments will come to around £30,787.
It is also intended to increase the council tax precept for the purpose of the loan repayments by 20.37% which is the equivalent of an additional £16.34 a year per band D property. This was subject to consultation held between 14th December 2022 and 10th January 2023.
See our dedicated village hall pages for more information.