Mr. Martin Lydon appraised the members on the need to seek to raise a loan to facilitate applications for funding under the House purchase and Improvement loans schemes as at present there are applications to the value of €1.2m with the Council. The proposal was welcomed by the members.

On the PROPOSAL of Cllr. Connolly

            SECONDED by Cllr. Keogh

It was AGREED pursuant to the provisions of Section 106 of the Local Government Act, 2001 to approve to raise a loan of €1,500,000 to facilitate applications for House Purchase and Improvement Loans.