Decision details

To seek approval to transfer Section 106 Developer Contributions, which have been collected by Gedling Borough Council, to the Local Parish Councils to be spent on infrastructure projects in accordance with the terms and obligations set out in the relevant Section 106 Agreements as detailed in the attached report.

1) To seek approval to transfer the open space development contributions received under S106 developer agreements to Burton Joyce Parish Council and Calverton Parish Council for spend on capital projects which meet the requirements of the developer agreements.
2) To establish by virement the capital programme budgets for the delivery of open space development projects by the Parish Councils, to be funded by S106 developer contributions.

To ensure the transferring of funds for delivery of open space provision in line with planning obligations detailed in the above 106 agreements.

Gedling Borough Council could not transfer the Section 106 Contributions to the local Parish Councils however, if the Council does not spend the financial contributions in accordance with the obligations and timescales within the relevant agreements this could result in the contributions, including any indexation, having to be paid back to the developer.