|
|
 |
Community Groups Loans Policy
Last modified: September 18, 2007 - 12:29 AM
This policy applies to groups seeking to develop buildings or facilities that are Council owned; under Council’s Care, Control or Management; under Council’s Trusteeship, provides services to the local community or responsibility has been devolved to Council by some form of legislation.
The objective of this policy is:-
-
To provide equitable access to community, sport, cultural and associated facilities.
-
To provide equitable access to funding for improvements to community, sport, recreation, cultural and associated facilities through the distribution of available loan funds to the community of Port Stephens.
-
To provide interest (income) to Council in the Community Groups Loans Reserve equal to investment interest rates available to Council.
The objective will be achieved if:
-
A system for submitting and assessing applications is in place and complied with.
-
Community groups are made aware of the policy, its benefits and applications.
-
Council’s assets are enhanced, improved and maintained in a good state of repair.
-
The interest from Community Groups Loans Vote, being equal to Indicative Borrowing Rates for Local Government Authorities, is paid to Council on a quarterly basis (except for Asset Rehabilitation Projects).
-
An agreed reserve ($250,000) is established so that loan funds can be drawn upon and Councils financial position managed appropriately.
Contact details
Recreation Services Manager
02 49 800 255 (ph)
02 49 873 612 (fax)
jason.linnane@portstephens.nsw.gov.au
|
