Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: September 3, 2024

Purpose:

Content: Resolved –   (1)      That the allocation of the CIL Strategic Fund and CIL Strategic Pot as set out in Tables 3 and 4 to (Document “M”) be approved to be used to contribute to highways, habitat mitigation, education and parks and green spaces projects on the capital plan to assist in reducing corporate borrowing.   (2)       That any allocation from the Strategic Fund and Strategic Pot be allocated to assist in the funding of the schemes stated within this report. Updates on the programming and spend of the allocations to be provided twelve months from the date of allocation.   (3)       That if updates on the spend of allocations confirm the project has not started or a start date is not known, the allocation be returned to the CIL Strategic Fund for reallocation. The date for this return to be confirmed in consultation with the Director of Finance and Interim Director of Legal and Governance.   (4)       That any expenditure plans following an allocation from the Strategic Fund and Strategic Pot be subject to Legal and Finance approval to ensure full compliance with the CIL Regulations.   (5)       That the Executive request that a full review of previous CIL allocations be undertaken. The review to consider the reallocation of any unspent CIL sums. This review to be delegated to the Strategic Director of Place and the Assistant Director of Planning, Transportation and Highways in consultation with the Portfolio Holder. Such reviews to then be carried out on a regular basis.    To be actioned by: Strategic Director Place / Directors of Finance/Interim Director of Legal and Governance (3 & 4)   Overview and Scrutiny Committee: Regeneration and Environment   (Michala Bartle - 01274 432522)