Resolution to Seek Approval for a Public Works Loan

Cowfold Parish Council has RESOLVED at its council meeting of Monday 9 January 2017 to seek the approval of the Secretary of State for Communities to apply for a PWLB loan of £500,000 up to 50 years for the renovation of the Cowfold Community and Sports Pavilion. The annual repayment will come to around £18,786. The Council wishes to survey its residents to ask for a 53.6% increase in the precept which would take it to about £25.99 per Band D dwelling.

Please confirm that you are in favour of this increase for the purpose described.