Agenda item

To release £5,078,652.01 from Section 106 agreements to TfL to deliver improvements to bus services on Old Kent Road and Elephant and Castle (Bakerloop bus)

Minutes:

Report: See pages 56-65 of the main agenda report.

The committee agreed to forego the opening presentation.

There were no questions from committee members.

RESOLVED:

1. That the Planning Committee (Major Applications) B approves the release of the funds amounting to £5,078,652.01 to TfL which were received by the council (pursuant to the terms of the s106 agreements pertaining to the planning applications noted in Table 1, below) and are to be applied to improving bus services on Old Kent Road and Elephant and Castle.

Planning application reference	Profit centre	Spend category	Ward	Address	S106 Contribution	Indexation	Total Amount
12/AP/1092	W06635	Bus contributions	North Walworth	Heygate Estate	£1,100,000	£270,769.24	£1,370,769.24
17/AP/3757	W08425	Bus contributions	Old Kent Road	60A And 62 Hatcham Road	£56,600.90	£1,546.36	£58,147.26
20/AP/0039	W09125	Bus contributions	Old Kent Road	43 Glengall Road And 1 Bianca Road	£729,000	£51,118.90	£780,118.90
18/AP/2895	W08785	Bus contributions	Old Kent Road	2 Varcoe Road	£17,760	£3,782.99	£21,542.99
22/AP/1221	W09415	Bus contributions	Old Kent Road	Tustin Estate Land (Phase 1)	£329,400.00	n/a	£329,400.00
19/AP/1773	W09195	Bus contributions	Old Kent Road	227-255 Ilderton Road	£683,100	£180,358.72	£863,458.72
20/AP/1329	W09475	Bus contributions	Old Kent Road	313-349 Ilderton Road	£156,600	£28,646.34	£185,246.34
22/AP/0554	W09785	Bus contributions	Old Kent Road	The Ledbury Estate	£64,800	£3,031.06	£67,831.06
20/AP/2701	W09495	Bus contributions	Old Kent Road	671-679 Old Kent Road	£288,900	£42,723.65	£331,623.65

Planning application reference	Profit centre	Spend category	Ward	Address	S106 Contribution	Indexation	Total Amount
17/AP/4612	W08525	Bus contributions	Old Kent Road	49-53 Glengall Road	£162,900	£29,814.89	£192,714.89
19/AP/1322	W09385	Bus contributions	Old Kent Road	840 Old Kent Road	£592,281.24	£0	£592,281.24
19/AP/5389	W09745	Bus contributions	Chaucer	221 New Kent Road	£234,000	£51,517.72	£285,517.72
Total								5,078,652.01

Supporting documents:

Report: To release £5,078,652.01 from Section 106 agreements to TfL to deliver improvements to bus services on Old Kent Road and Elephant and Castle (Bakerloop bus), item 10. PDF 450 KB