Report of the Director of the Built Environment.
The Committee considered a report of the Director of the Built Environment providing the results of a review and proposed prioritisation of transportation and public realm within the Department of the Built Environment.
A Member made reference to the £3million of Section 106 monies that would still remain, some of which was soon to expire, and questioned whether the Committee could receive a future report detailing what was planned for these funds to avoid their expiration.
RESOLVED – That Members:
a. Note the methodology and ranking of DBE projects set out in paragraphs 7-12 of the report;
b. Note those DBE projects funded centrally during the period of the fundamental review as set out in Appendix 2;
c. Agree the allocation of £3,917,518 S106 funding to 4 projects to mitigate the specific developments from which the funds were generated, including the interest accrued;
d. Authorise Officers to seek an extension to time to S106 with the relevant developer/building owner where applicable as set out in Appendix 4; and
e. Authorise officers to re-negotiate the use of any S106 deposits, not allocated in this 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.