52 Referral from Cabinet: Allocation of CIL receipts from the Gedling Colliery development PDF 110 KB
Report of the Planning Policy Manager
Council is recommended to:
1) Commit up to a maximum of £4,488,120 as a contribution to the Gedling Access Road (“GAR”) to be financed by Community Infrastructure Levy (“CIL”) receipts predominantly from the Colliery development and that the final contribution to the GAR from CIL receipts be the equivalent value of the actual amount of CIL received from the Gedling Colliery development that is required to construct the GAR if less that £4,488,120.
2) Approve the establishment of the budget for the contribution to the GAR subject to the CIL actually being received and profiled in accordance with the timescale of receipt.
Minutes:
Consideration was given to a Report of the Planning Policy Manager, which had been referred to Council by Cabinet.
RESOLVED to:
1) Commit up to a maximum of £4,488,120 as a contribution to the Gedling Access Road (“GAR”) to be financed by Community Infrastructure Levy (“CIL”) receipts predominantly from the Colliery development and that the final contribution to the GAR from CIL receipts be the equivalent value of the actual amount of CIL received from the Gedling Colliery development that is required to construct the GAR if less that £4,488,120; and
2) Approve the establishment of the budget for the contribution to the GAR subject to the CIL actually being received and profiled in accordance with the timescale of receipt.
41 Allocation of CIL receipts from the Gedling Colliery development PDF 110 KB
Report of the Planning Policy Manager.
Minutes:
The Director of Organisational Development and Democratic Services introduced a report, which had been circulated prior to the meeting, dealing with matters relating to the allocation of Community Infrastructure Levy funds collected from the Gedling Colliery development.
RESOLVED:
1) To recommend to Council that:
(a) Authority is given to commit up to a maximum of £4,488,120 as a contribution to the Gedling Access Road (“GAR”) to be financed by Community Infrastructure Levy (“CIL”) receipts predominantly from the Colliery development and that the final contribution to the GAR from CIL receipts be the equivalent value of the actual amount of CIL received from the Gedling Colliery development that is required to construct the GAR if less that £4,488,120; and
(b) Approval is given to establish a budget for the contribution to the GAR subject to the CIL actually being received and profiled in accordance with the timescale of receipt.
2) That, subject to budget approval, the Director of Organisational Development and Democratic Services is authorised to enter into an agreement with Nottinghamshire County Council facilitating the transfer of CIL receipts to Nottinghamshire County Council to fund and/or reimburse funding for the construction of the GAR.