Issue - meetings

AGREED that Cabinet:

a)       approve the publication of the Infrastructure Funding Statement, which has been produced in accordance with the legislative requirements, before the end of the calendar year; and

b)       approve the proposed process for spend of Section 106 Developer Contributions set out at paragraph 2.3 of the report. 

The Portfolio Holder for Economic Development & Visitors presented a report which updated Cabinet on matters set out in the 2021/22 Infrastructure Funding Statement (IFS) and which sought to approve the process for spend of Section 106 developer contributions.

The 2021 IFS had been finalised and the report detailed the headline figures for Members. The IFS also included details of the Council’s governance arrangements in relation to managing monies secured as part of Section 106 Agreements. It was a requirement to publish the IFS by 31 December 2022.

AGREED (unanimously) that Cabinet:

a)        approve the publication of the Infrastructure Funding Statement, which has been produced in accordance with the legislative requirements, before the end of the calendar year; and

b)       approve the proposed process for spend of Section 106 Developer Contributions set out at paragraph 2.3 of the report. 

Reasons for Decision

To ensure that the District Council is operating in accordance with the requirements of the Community Infrastructure Regulations.

To set out clearly the governance arrangements for spend of Section 106 contributions.

Options Considered

None, there is a requirement to publish the Infrastructure Funding Statement by the end of the calendar year.