Purpose

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.

Decision

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.

Reasons for the decision

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.

Alternative options considered

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.