Issue - meetings

The Committee received an update on Section 106 Agreements.

Members noted that there were no set time limits for the use of Section 106 funds and limits varied from agreement to agreement.  A Member highlighted that there could often be a time lag between receipt of funds and it becoming clear where the funds could be best utilised for the benefit of the community.

It was noted that there was a Team of Officers who were responsible for oversight of Section 106 funds, this team included the Assistant Director for Planning as well as officers from each of the key service departments.  This was to ensure that funds were utilised in the best possible way.

The Chairman noted that in the previous municipal year, the Executive, Resources and Contracts PDS Committee had set up a Task and Finish Group to review processes around Section 106 funds.  The Group had concluded that less than 1% of funds received by the Council remained unspent.

RESOLVED: That the report be noted.