Issue - meetings

Cabinet Member: Finance & Property

Forward Plan Ref: 2010/090

Contact: Howard Cox, Team Leader – Developer Funding Tel: (01865) 810436

Report by Assistant Chief Executive & Chief Finance Officer and Head of Sustainable Development

The report seeks approval to write off a S106 contribution.

The Cabinet is RECOMMENDED to:

(a)               write off the debt of £74,667.09 in connection with this planning obligation;

(b)              request confirmation of the write off in the next financial monitoring report to the Cabinet.

In accordance with Regulation 16 of the The Local Authorities (Executive

Arrangements) (Access to Information) (England) Regulations 2000 (as amended), the Chairman of the Strategy & Partnerships Scrutiny Committee (since this is a finance related item) has agreed that the need to take the decision is urgent and cannot reasonably be deferred.

The Chairman agreed that the report be considered as a matter of urgency because of the urgentneed to address a local community concern, the financial risk to the Council if further house sales fall through and to meet a Council commitment that the matter would be dealt with by the end of May.

RESOLVED:                        to:

(a)    write off the debt of £74,667.09 in connection with this planning

obligation; and

(b)    request confirmation of the write off in the next financial monitoring

report to the Cabinet.