Purpose

The purpose of this report is:
1.To seek approval to transfer the remaining Section 106 Open Space Capital Contribution (£33,400), received under Section 106 Agreement dated 7th April 2015, to Linby Colliery Welfare FC for expenditure on capital projects which meet the requirements of said Section 106 Agreement;
2.To establish by virement the capital programme budgets for the delivery of open space development projects by Linby Colliery Welfare FC, funded by Section 106 Open Space Contributions.

Decision

To approve:
1)the transfer of the Open Spaces Capital Contribution (up to £33,400), from the Section 106 Agreement dated 7th April 2015, in relation to the Planning Permission 2014/0950 Land at Wighay Road, to Linby Colliery Welfare FC to be spent in accordance with Schedule One of the above Section 106 Agreement on the improvement of recreational facilities within a 2km radius of the development .
2)the establishment, by virement the capital programme budgets for the delivery of open space development projects by Linby Colliery Welfare FC, funded by Section 106 Open Space Contributions detailed in recommendation 1.

Reasons for the decision

To ensure the expenditure of Open Space Contributions in accordance with the terms and obligations of the Section 106 Agreement dated the 7th April 2015.

Alternative options considered

Gedling Borough Council could not transfer the Section 106 Contribution to Linby Colliery Welfare FC, 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.