Issue - meetings

Report of Assistant Director Planning and Development

Purpose of report

To seek approval of the Council’s Infrastructure Funding Statement 2023-24 for publication by 31 December 2024.

Recommendations

The Executive resolves:

1.1     To approve the Infrastructure Funding Statement 23-24 at Appendix 1 for publication by 31 December 2024 subject to any final changes considered to be necessary by the Assistant Director – Planning and Development to secure accuracy in consultation with the Portfolio Holder for Planning and Development Management.

Resolved

(1)            That the Infrastructure Funding Statement 2023-2024 be approved for publication by 31 December 2024 subject to any final changes considered to be necessary by the Assistant Director – Planning and Development to secure accuracy in consultation with the Portfolio Holder for Planning and Development Management.

The Assistant Director Planning and Development submitted a report to seek approval of the Council’s Infrastructure Funding Statement 2023-24 for publication by 31 December 2024.

Resolved

(1)          That the Infrastructure Funding Statement 2023-2024 be approved for publication by 31 December 2024 subject to any final changes considered to be necessary by the Assistant Director – Planning and Development to secure accuracy in consultation with the Portfolio Holder for Planning and Development Management.

Reasons

The publication of an Infrastructure Funding Statement (IFS) is a statutory requirement that provides transparency and accessibility to information about developer contributions secured by the Council through Section 106 Agreements.

The report has been produced in collaboration with Financial Services and the information contained within it is considered to represent the most robust data available at this time.

Alternative options

Option 1: Not to bring forward and Infrastructure Funding Statement. This is not a lawful option and would leave the Council in breach of its statutory duty.

Option 2: Seek review of the key statistics and proposed Infrastructure Funding Statement. Officers consider that this is not required as the information is the most accurate and available at this time.