Quote:
Originally Posted by Mordred
Taken from the Press & Journal story:-
Councillors agreed unanimously that the venue should be offered the chance to take out a loan from the city council administered Aberdeen Business Enterprise Scheme, or the Lemon Tree could have had its overdraft facility underwritten up to a new limit by the local authority.
Neither option was taken up by the board.
Full story can be found Here |
That is just one example of the completely inaacurate reporting by the press and sly and underhand way in which the council have handled this.
Two very important points have been missed. The council's ONLY offer was a short term loan of £250k on the basis that each of the 10 board members
personally put up a guarantee of £25k from their own pockets. The council simply
did not make the reported second offer and the one that they did make was untennable