Issue - meetings

The Cabinet is requested to consider the agenda report and its appendix in the agenda supplement and to make the following resolution:

RESOLUTION BY THE CABINET

(1)  That the revisions to the Section 106 and CIL Protocol as set out in the appendix to the agenda report be approved.

(2)  That authority be delegated to the Grants and Concessions Panel to decide how to distribute the existing and any future ‘orphaned’ section 106 interest by adding it to the New Homes Bonus (Parish Allocations) Scheme.

RESOLVED BY THE CABINET

a)    That the revisions to the Section 106 and CIL Protocol as set out in the appendix to the agenda report be approved.

b)    That authority be delegated to the Grants and Concessions Panel to decide how to distribute the existing and any future ‘orphaned’ Section 106 interest by adding it to the New Homes Bonus (Parish Allocations) Scheme.

Mrs Taylor introduced the item. Mrs Dower (Principal Planning Officer) and Mr Davies (Planning Obligations Monitoring and Implementation Officer) were also present.

Mrs Taylor explained that the reason for the revisions to the protocols is to provide clarity on the use of interest associated with S106 contributions to ensure that such agreements are used to benefit the communities that benefitted from the original S106. As such any interest earnt on payments not spent will be ring-fenced to benefit the project that the S106 payment relates to. Any future interest earnt on a project where funds have already been spent will be retained in a separate reserve and used each year to supplement the New Homes Bonus Scheme. The proposed amendments will not apply to CIL receipts as they are held in a different fund.

Decision

The Cabinet voted unanimously to make the resolutions below.

RESOLVED BY THE CABINET

a)    That the revisions to the Section 106 and CIL Protocol as set out in the appendix to the agenda report be approved.

b)    That authority be delegated to the Grants and Concessions Panel to decide how to distribute the existing and any future ‘orphaned’ Section 106 interest by adding it to the New Homes Bonus (Parish Allocations) Scheme.