RESOLVED:
(1) That the content of the report entitled Annual Update on S106 Obligations be noted.
(2) That it be agreed that a report continue to be presented on an annual basis to the Letchworth Committee, which sets out full records of all Section 106 activity for the preceding financial year and which reflects changes in legislation and practice.
(3) That, other than where a contribution has been negotiated for a specific purpose or project, Ward Members of the area where the Section 106 Obligation or Unilateral Undertaking funding is generated and the Area Committee be consulted prior to funding being allocated away from that area. Members must note that the discretionary funds are rapidly diminishing and will not be replaced under current legislation and practice, for reasons that are set out in the report.
REASONS FOR DECISIONS:
(1) To ensure that there is a robust system for negotiating and managing Section 106 Obligations and Unilateral Undertakings, that records activity for each financial year and is placed in the public domain.
(2) To ensure that the process is kept under constant review and Member scrutiny and that the risk associated with this activity is managed in an appropriate manner.