Issue - meetings

Utilisation of section 106 funds

Meeting: 26/07/2018 - Strategy and Resources Committee (Item 78)

78 Utilisation of section 106 funds pdf icon PDF 92 KB

Requests additional funding from section 106 to carry out project in this year’s summer period.

Decision:

The Committee approved the addition funding from S106 receipts to carry out the replacement of floodlights at Court Recreation Ground and Poole Road Recreation Ground.

Minutes:

The Committee received and considered a report that requested additional funding from S106 receipts to carry out the replacement of floodlights at Court Recreation Ground and Poole Road Recreation Ground.

The facilities at these Recreation Grounds supported the Council’s key priority of promoting healthy and active lifestyles and were well utilised by the community. The replacement of the floodlights with LED lighting would be beneficial for both the environment in terms of reduced energy consumption and for the Council in terms of reduced maintenance requirements.  However, a further sum of £13,335 was required to meet the lowest tender.

The uncommitted S106 balance for Outdoor Sports Facilities was £185,699 and using £13,335 for this project would leave £172,364 for further schemes.  The use of these receipts met the legal requirements of the S106 agreement in question (Agreement number 268).

Accordingly, the Committee approved the additional funding from S106 receipts to carry out the replacement of floodlights at Court Recreation Ground and Poole Road Recreation Ground.