Decision details

Having considered an officer report, and a presentation by the Cabinet

Member for Resources, Councillor Kevin Bonavia, the Mayor agreed that:

(1) a £670,000 interest bearing loan facility to Horniman Museum and

Gardens be approved for the development of its gallery spaces to be paid

back over a period of no more than 15 years, subject to Heritage Lottery

funding of £3.3m being granted and other pledged funding of at least

£730,000 being received; and

(2) authority be delegated to the Executive Director for Resources and

Regeneration responsibility to finalise the terms of the loan agreement with

the Horniman Museum and Gardens.