Agenda item

Strategic Transport: To release £5,212,735.34 from the S106 agreements associated with the below developments, for the purposes of transport improvements in Southwark

Minutes:

An officer introduced the report.  The committee considered the information in the report.

 

RESOLVED:

 

1.  That the release of £5,212,735.34 from the Section 106 funding set out below be authorised.

 

Project

Number of Agreements

Appendix

Total S106 Funding

Elephant and Castle

44

1

£3,521,153.22

Traffic Order Regulations

1358

2

£505,915.48

CPZ

17

3

£197,313.15

TOTAL

260

 

£4,224,381.85

 

2.  That in addition to the above sums, the release of £988,353.49 of interest, associated with 64 separate agreements be approved.

Supporting documents: