Purpose

The purpose of this report is:
1.To seek approval to transfer the Off-Site Open Space Development
Contributions received through the Section 106 Agreement dated 13th
October 2014 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 Open Space Development projects by the Parish Council,
to be funded by Section 106 developer contributions.

Decision

To approve:
1) the transfer of the Off-Site Open Spaces Contribution (up to
£103,224.00), from the Section 106 Agreement dated 13th
October 2014 in relation to the Planning Permission 2013/0836
– Land Known as Cornwater Fields Off Longdale Lane 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 Off-Site Open Space development projects to be
funded by Section 106 developer contributions as detailed in
recommendations 1.

Reasons for the decision

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

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 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.