Issue details

New River Village Section 106 Commitment of Funds

Report considers the use of funds (amounting to £1,000,000) secured through Section 106 Agreement of the Town and Country Planning Act 1990 in respect of the New River Village development.

Decision type: Key

Decision status: For Determination

Decision due: 20 Dec 2011 by Cabinet

Consultation process

Consultation has taken place with officers across the Council, including Homes for Haringey to identify the potential options for the unallocated funds.

DMT date and early discussion between AD and Cabinet Member: Cabinet Member for Economic Development and Social Inclusion and the Director of Place and Sustainability.

SLT date: Equality Implications were considered during the planning application for the Former Hornsey Waterworks (New River Village) in 2002. The allocation of the remaining £1 million will be spent on ‘capital works of social Infrastructure’ as outlined in the Section 106 legal agreement and will be available for use by all sections of the community.