RESOLVED:
(1) That the content of the report entitled Annual Update on S106 Obligations for Letchworth be noted;
(2) That a report shall continue to be presented on Section 106 contributions to the Letchworth Committee on an annual basis; and
(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.
REASONS FOR RECOMMENDATION:
(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.