Issue - decisions

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.

 

 

08/01/2018 - 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.

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