Agenda item

Report of the Director of Built Environment.

The Sub-Committee considered a report of the Director of Built Environment, which provided the results of a review and proposed prioritisation of transportation and public realm projects within the Department of Built Environment (DBE).

Whilst Members were pleased to see the use of section 106 monies being recommended in the report, they asked for a more detailed explanation of how the scores were formulated. Members also felt that they had been provided with a fait accompli and that, in future, more choices should be given to Members.

Following a question, the officer representing DBE clarified that the western arm of Finsbury Circus was also included in the pedestrianisation project.

RESOLVED, that:

·         The methodology and ranking of DBE projects set out in the report be noted;

·         The DBE projects funded centrally during the period of the fundamental review be noted.

·         Allocation of £3,917,518 S106 funding to 4 projects be agreed to mitigate the specific developments from which the funds were generated, including the interest accrued.

·         Authorisation be given to officers to seen an extension of time to S106s with the relevant developer or building owner, where applicable, as set out in the appendix of the report.

·         Authorisation be given to officers to re-negotiate the use of any S106 deposits, not allocated in the report, that require a variation of scope, to seek their use in mitigating the impacts of the developments generating the deposits, consistent with corporate priorities.