Loans

The council has the following loans:

1. Works to complete St Andrews Centre Lift, toilets refurbishment, and office alterations
Public Works Loan Board Loan 
Taken out on September 2011: £70000
Two payments per year of: £3440 (including interest)
Period of Loan: 12 years

2. Works to complete St Andrews Centre Library, kitchen and entrance to Centre
Public Works Loan Board Loan 
Taken out on August 2012: £50000
Half-Year repayments: £2733 (including interest)
Period of Loan: 10 years
Annual payment of this loan is partially covered by the Lincolnshire County Council Library Service Level Agreement payment

3. Finance Lease of a Kubota Mower
Total loan taken out May 2018: £22,154
Monthly repayment: £614 (followed by £718 per year if the mower is retained)
Period of loan: 36 months 

4. Hire Purchase Agreement of a Kubota Mower 
Total loan taken out May 2019: £11,814.80 (including part exchange of a 2012 mower)
Monthly repayment: £327
Period of loan: 36 months