Policies on Exhibition

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Council's Policy Manual is a register of the corporate policies adopted by Council for the conduct of its business. The policies, along with many other internal and external documents, set the framework within which Council fulfils its service and regulatory responsibilities under relevant statutes. The Policy Manual is a 'living' document and is revised as required. A full review is conducted following each local government election.

Draft Loan Borrowing Policy - feedback closes 22 June 2021

Council has had a Debt Management Policy in place since 2012. This policy was established at a time when Council had no debt. The Debt Management Policy predominantly refers to the use of a “Debt Facility”. This facility no longer exists.

Council currently has one fixed rate loan and is committed to partially fund the redevelopment of the North Sydney Olympic Pool with a similar loan. In turn it is prudent that Council’s policy be updated accordingly to reflect and maintain its risk averse strategy.

Council endorsed the draft Loan Borrowing Policy for public exhibition on 24 May 2021, inclusive of notice that the Debt Management Policy is intended to be rescinded. A further report will be prepared for Council’s consideration should submissions be received. If no submissions are received, the Loan Borrowing Policy will be considered as adopted at the end of the closing period for submissions, and the Debt Management Policy rescinded.

SUBMISSIONS

Prior to making a submission please ensure you have reviewed the draft Loan Borrowing Policy which can be found in the document library.

Feedback closes 22 June 2021

Use the online submission form (below) or alternatively, send submissions to:

Email - yoursay@northsydney.nsw.gov.au
Mail - North Sydney Council, PO Box 12, NORTH SYDNEY NSW 2059

For more information contact Council’s Manager Integrated Planning & Special Projects on 9936 8100.

Draft policies can be viewed in the Document Library - Past Consultations.

Council's Policy Manual is a register of the corporate policies adopted by Council for the conduct of its business. The policies, along with many other internal and external documents, set the framework within which Council fulfils its service and regulatory responsibilities under relevant statutes. The Policy Manual is a 'living' document and is revised as required. A full review is conducted following each local government election.

Draft Loan Borrowing Policy - feedback closes 22 June 2021

Council has had a Debt Management Policy in place since 2012. This policy was established at a time when Council had no debt. The Debt Management Policy predominantly refers to the use of a “Debt Facility”. This facility no longer exists.

Council currently has one fixed rate loan and is committed to partially fund the redevelopment of the North Sydney Olympic Pool with a similar loan. In turn it is prudent that Council’s policy be updated accordingly to reflect and maintain its risk averse strategy.

Council endorsed the draft Loan Borrowing Policy for public exhibition on 24 May 2021, inclusive of notice that the Debt Management Policy is intended to be rescinded. A further report will be prepared for Council’s consideration should submissions be received. If no submissions are received, the Loan Borrowing Policy will be considered as adopted at the end of the closing period for submissions, and the Debt Management Policy rescinded.

SUBMISSIONS

Prior to making a submission please ensure you have reviewed the draft Loan Borrowing Policy which can be found in the document library.

Feedback closes 22 June 2021

Use the online submission form (below) or alternatively, send submissions to:

Email - yoursay@northsydney.nsw.gov.au
Mail - North Sydney Council, PO Box 12, NORTH SYDNEY NSW 2059

For more information contact Council’s Manager Integrated Planning & Special Projects on 9936 8100.

Draft policies can be viewed in the Document Library - Past Consultations.