The Council moved a step closer to delivering Dalbeattie Learning Campus at a meeting of the Policy and Resources Committee (14 January 2016).
The Committee agreed to grant the Council authority to take up a 10% equity stake in the company that will design, build, finance and maintain the Dalbeattie Learning Campus project. It also agreed that the Council’s treasury management strategy be amended to enable an investment over a period of 30 years.
Today’s decisions ensure that the Council has the necessary authority to sign the paperwork needed to achieve financial close on the Dalbeattie Learning Campus project.
The Dalbeattie Learning Campus project financial close is planned for the end of January 2016, at which point the parties enter into a legally binding project agreement enabling draw down of project funding. Construction of the Dalbeattie Learning Campus is due to start in March 2016.
Council Leader Ronnie Nicholson, chairman of the Policy and Resources Committee, said, “Providing the best start in life for all our children is a priority for our Council and Dalbeattie Learning Campus is key to this. It is a major achievement that we will shortly be starting work on site to deliver a first class learning environment.”
