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)