Issue - meetings

Cabinet Notes:

The information provided in the Infrastructure Funding Statement in Appendix 1 and approves its publication as required under the CIL Regulations 2010 (as amended).

Cllr Anderson introduced the report, explaining that this is annual statement that the Council is required to publish on their website.

Cllr Birnie referred to payment of £36k on pg.223, table c, asking what that means.

JDoe responded to advise this is a payment in kind.

Cllr Birnie asked; does that mean someone has given the land in lieu of payment?

JDoe confirmed.

Cllr Tindall referred to the sums of money involved and asked; would normal treasury management rules apply or are there specific requirements on how this money is held?  Is there an extra income opportunity via interest accrual?

NHowcutt responded that in terms of interest, this would be a very small amount and advised this has to sit in our cash balances and be managed via treasury management.

Recommendations agreed.

Cabinet Notes:

The information provided in the Infrastructure Funding Statement in Appendix 1 and approves its publication as required under the CIL Regulations 2010 (as amended).