Decision details

Proposal to allocate Section 106 resources from DB 325 - Land at Borough Mill, Neild Street (PA/58539) – to the minimum of 10 years maintenance for the on site play facilities and Public Open Space at Borough Mill, and allocation of a sinking fund.

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To seek approval for the allocation of resources secured through Section 106 planning obligations to fund allocation of £2,500 per annum for a minimum of 10 years plus any interest accrued, to maintain the on site play facilities and Public Open Space at Borough Mill. Also the allocation of a £22,000 sinking fund for repairs and renewals and other one off costs.

Decision:

RESOLVED - That: the allocation of £49, 813.01 Section 106 resources from DB 325 - Land at Borough Mill, Neild Street (PA/58539) is approved for the following purposes:
•£25,813.01 (plus any further interest accrued) for a minimum of 10 years maintenance
•£22,000 for the allocation of a sinking fund for repairs and renewals and other one off costs.
•£2,000 for remedial works to bring the adopted facilities to an acceptable standard

Reasons for the decision:

Option 1 - Do Nothing – this is not an option. The terms of the Section 106 agreement specifies that that the Council must use the commuted sum paid by the developer for the maintenance of the on-site POS. Any funding not spent or allocated within 12 years after the transfer of the land to the Council must be returned to the developer.
Option 2 - Allocate the S106 funding towards the maintenance of the onsite POS and to set aside a sinking fund to deal with future repairs/renewals and one off costs in relation to the open space. This is in accordance with the provisions of the S106 obligation.

Alternative options considered:

Option 1

Other reasons / organisations consulted

Not applicable

Contact: Joanne Robinson, Regeneration Officer (Technical) 0161 770 4186 Email: joanne.robinson@oldham.gov.uk Email: joanne.robinson@oldham.gov.uk.

Publication date: 08/01/2018

Date of decision: 04/01/2018

Accompanying Documents: