Purpose

The
report seeks approval for the release of S106 developer
contributions to help Paddock Wood Town Council fund the new
Community Centre.

Decision

RESOLVED:
 
1.     
That £66,206.04 (£61,560.00 +
£4,646.04 indexation) of S106 developer contributions
collected from a planning obligation Church Farm, Church Road,
Paddock Wood (21/01862) be released to Paddock Wood Town Council to
help finance the Paddock Wood Community Centre be
approved.
 
2.     
That once Tunbridge Wells Borough Council receives
the Community Contribution of £102,602.91 plus indexation
from a planning obligation, Land at Mascalls Farm, Badsell Road
(19/03349), this is also released to Paddock Wood Town Council to
help finance the Paddock Wood Community Centre be
approved.

Reasons for the decision

To
release the money to Paddock Wood Town Council would support the
delivery of the Paddock Wood Community Centre.

Alternative options considered

Do
nothing would risk having to return the S106 sum plus accrued
interest back to the developer.