Decision details

The Director - Planning & Growth, presented a report which sought approval to forward fund the refurbishment of the children’s play park and park at Maid Marion Way, Bilsthorpe from funding secured under a Section 106 agreement linked to the Oldbridge Way development in order to enable the Parish Council to progress the proposed works. The Parish Council had a scheme prepared for works to commence once funding had been secured. The advance payment could be made from Council reserves and the equivalent value repaid into reserves on receipt of the contribution from the developer as per the S106 agreement.

AGREED      (unanimously) that:

(a)     the base sum of £111,271.20 plus indexation be transferred to Bilsthorpe Parish Council under a side legal agreement and any uplift secured through indexation also be transferred when received by the Council; and

(b)     a capital budget be created for £111,271.20, funded by borrowing until such time that the section 106 contribution is received.

Reason for Decision

To enable Bilsthorpe Parish Council to progress with the refurbishment of the children’s play area and park at Maid Marion Way, Bilsthorpe with its appointed project team and contractor.