Purpose

To inform
Cabinet of the receipt of recent Section 106 developer
contributions and to seek approval for the allocation of
those contributions to projects in line with the individual Section
106 agreements.
 

Decision

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RESOLVED
to:

 

    Note the receipt/availability of
Section 106 funding and approve allocations to the projects
outlined in Appendix 2;

 

    Approve the transfer of
reimbursement to Basic Need 2017-18 to 2018-19 in the sum of
£152,153.79 for Langley Mill
Academy;

 

    Note the additional planning
reference in relation to overall allocated Section 106 funds
totalling £604,858 for Heanor Gate and the removal of
previously allocated £50,000, providing a corrected
allocation of £554,858.47;

 

    Approve the transfer of reimbursed
Section 106 funds in the sum of £304,097.34 for
Heanor Gate from Basic Need 2016-17 to add to the continuing
expansion project;

 

    Note corrections to balances for
Heanor Gate S106 Cabinet paper of 22 February 24, detailed above
and in Appendix 2; and

 

    Note the reimbursement of S106
receipt to Basic Need Capital Budgets.