Decision details

New Homes Bonus - Year 3 Allocations 2013-14

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

Resolved

 

(1)          That the year 3 allocations of £1,340,156 be agreed as follows:

·         Affordable Housing                                     £100,240

·         Financial Pressure Allocation                   £619,958

·         Economic Development                             £450,669

·         Planned Growth in the District                  £169,289

Total year three allocation                       £1,340,156

 

(2)          That authority be delegated to the Director of Resources and the Head of Strategic Planning and the Economy in consultation with the Lead Member for Financial Management and the Lead Member for Estates and the Economy to determine the schemes on which those funds allocated for economic development purposes should be spent.

 

(3)          That authority be delegated to the Director of Resources and the Head of Strategic Planning and the Economy in consultation with the Lead Member for Financial Management and the Lead Member for Estates and the Economy to agree future year allocations of New Homes Bonus.

 

Reason Key: Significant Expenditure or Savings and effect on communities in two or more wards;

Corporate Priorities : An accessible, value for money council;

Reason No Public Access: No

Declarations: None

Subject to Urgent Proceedings: No

Contact: Martin Henry, Director of Resources / Section 151 Officer Email: martin.henry@cherwellandsouthnorthants.gov.uk Tel: 0300 003 0102.

Report author: Martin Henry

Publication date: 09/10/2013

Date of decision: 07/10/2013

Decided at meeting: 07/10/2013 - Executive

Effective from: 15/10/2013

Accompanying Documents: