Exmouth Town Hall refurbishment not costed and borrowing may be needed

Cost neutral my ….!

In response to a question about the cost of accelerating refurbishment of the Exmouth Town Hall if relocation to that site (as part of a dual site option) was agreed, it was confirmed that some capital could be used, but some borrowing may also be necessary which would incur costs. This acceleration has only been discussed and not agreed – the implications of it will need to be fully costed. At present there was no allocation in the capital budget to the refurbishment of Exmouth Town Hall. …”

Extract from minutes of Overview and Scrutiny Committee 14 January 2015: