39 Governance arrangements for the prioritisation of Community Infrastructure Levy (CIL) spending
Report by Dr Carlton Brand, Corporate Director
Supporting documents:
Minutes:
Councillor Toby Sturgis presented a report which sought agreement for the process for prioritising the spending of the strategic funds raised through Community Infrastructure Levy (CIL) and reviewing the Regulation 123 List to ensure open and transparent decision making in the allocation of strategic funds.
In response to a question from the Leader, it was clarified that Cabinet would make the final decision at the end of the process.
Resolved
(i) To approve the process for the review of the Regulation 123 List and prioritising the spending of strategic funds raised through the Community Infrastructure Levy as set out in Appendix 2; and
(ii) Agrees that for 2017, the next step would be to prioritise projects for funding consistent with the current Regulation 123 List.
Reason for Decision:
To assist with the effective operation of CIL and ensure open and transparent decision making in the allocation of strategic CIL funds.