Decision details

The purpose of this report is:
1.To seek approval to transfer part of the Open Spaces Capital Contribution received through the Section 106 Agreement dated 3rd July 2020 to Ravenshead Parish Council to expend on capital projects which meet the requirements of the Section 106 Agreement;
2.To establish by virement the capital programme budgets for the delivery of Play Area projects by the Parish Council, to be funded by Section 106 Developer Contributions.

To approve:
1) the transfer up to £30,359 of the Open Space Capital Contribution from the Section 106 Agreement dated 3rd July 2020 in relation to the Planning Permission 2019/0770 – 84-86 Chapel Lane, Ravenshead, Nottinghamshire, to be spent in accordance with Schedule One of the above Section 106 Agreement.
2)the establishment, by virement, of the capital programme budgets for delivery of Open Spaces projects to be funded by Section 106 Developer Contributions as detailed in Recommendation 1.

To ensure the expenditure of Open Spaces Capital Contribution in accordance with the terms and obligations of the Section 106 Agreement dated the 3rd July 2020.

Gedling Borough Council could not transfer the Section 106 Contribution to Ravenshead Parish Council however, if the Council does not spend the financial contribution in accordance with the obligations and timescales within the relevant agreements this could result in the contribution having to be repaid back to the developer.