Godalming Town Council wishes to consult with residents of Godalming regarding the opportunity to purchase the 999-year lease of a Godalming High Street premises, of which the Town Council is the freeholder. If purchased, the Council’s intention would be to transfer its administrative offices to the property. Such a move would allow Godalming Town Council to provide Disability Discrimination Act compliant accessible offices so that all residents may have equal access to the Town Council’s services.
In order to fund the purchase, Godalming Town Council would have to borrow the funds. The Council is inviting residents to let them know if they are in favour of it applying for a Public Works Loan Board (PWLB) loan of £430,000 repayable over 50 years to purchase the property and fund the required accessibility related alterations.
Residents are asked to let the Council know their views by completing a response form below, by contacting Godalming Town Council, Bridge Street, Godalming, GU7 1HT, by calling 01483 523575 or emailing email@example.com
Are you in favour of Godalming Town Council applying for a fourth PWLB loan of £430,000 repayable over 50 years to purchase the leasehold of a Godalming High Street premises? The annual repayments for this loan will come to around £15,520. The repayments will come from the Godalming Town Council precept budget as do the Council’s other PWLB loans