Section 106 Agreement Ribble Valley

Cllr Hind continues: “That`s why I discussed with the President of Planning and Development, Dr. Alison Brown, the need for 6 regular monthly reports out of 106 agreements, including the provision of educational infrastructure, downtown improvements, medical practices and green and recreational spaces. She strongly agreed that such reports should be sent regularly to planning and development committees and to political and funding committees, which allow for discussion within the Council. If this can be achieved better with custom software to monitor these agreements, it is all the better given their growing importance to the general public. Consideration should also be given to the appointment of a full-time representative of 106 who would work closely with our new Director of Economic Development, the headquarters of 106 economic development agreements in the Ribble Valley. In the meantime, the introduction of the CIL (Community Infrastructure Tax) is being actively considered to establish a more automatic link between new housing developments and infrastructure financing to support it. It is clear that 106 agreements are proving effective in the medium term, but it takes a long time, too long for public perception, to catch up with infrastructure with new developments in large-scale housing. If CIL built based on the number of rooms in the New Houses or on the Square Footage of real estate, we might have been in a better position in the short term. At least in the medium term, we can look forward to improved infrastructure.┬áThe money must be refunded to developers if it is not used in Section 106 agreements within the statutory timeframe. A Council spokesperson added: “We can confirm that the funds held were collected in a timely manner and on the corresponding development triggers provided by the various legal agreements.” In addition, we do not necessarily spend all section 106 funds in the short term, as this may contribute in the future to a larger project or to a larger development that will require more funding. “While it appears that Section 106 is not being spent, it is affected and monitoring is put in place so that it is finally issued within the agreed time frame.” The real estate acquired by the group contributes to the 88 affordable housing units that will be built each year as part of ribble Valley Borough Council`s strategic assessment of strategic housing and economic needs.