To consider the report of the Director of Planning and Regulatory Services (copy enclosed).
Minutes:
The Committee considered the report of the Director of Planning and Regulatory Services, the purpose of which was to provide Members with a summary of work undertaken so far on the monitoring of Section 106 Agreements and set out the intended programme for review of the current procedures used by the Council in the monitoring of Section 106 Agreements.
The Director of Planning and Regulatory Services outlined the report and drew attention to the significant progress that had been made on recording of Section 106 Agreements.
In response to a question, the Director of Planning and Regulatory Services advised that nationally Section 106 funding would add around £30k to the value of a house, whereas in Essex the figure was lower at around £9k.
Members raised various questions on the report and the Director of Planning and Regulatory services provided the following responses:
· Section 52 and Section 13 Agreements were previous iterations of Section 106 Agreements and there was a need to ensure that records were kept of those historic agreements;
· The Council would receive £24,000,000 in S106 contributions;
· £600k of the Section 106 Agreement funding would be due to the NHS and it would be for them to decide how that money would be spent;
· Affordable Housing Commuted Sum Income – the Council was comfortable with its ability to spend that money within the timescale.
RESOLVED:
(i) That Members duly commented on the information contained in the report;
(ii) That the Chief Executive would report back to the Committee on the process for the NHS requesting, accessing and allocation of Section 106 Agreement funds earmarked for the NHS.
Supporting documents: