Cintra Park benefited from £37,459 of payments from developers in the financial year ending 31 March 2016. The money was part of a total of £273,799 spent on Reading’s parks from these developer contributions, called ‘section 106’ or S106 payments.
The amounts were disclosed in papers that went to Reading Borough Council’s Policy Committee on 13 June. The presentation of the draft outturn position for 2015/16 included an appendix detailing all S106 expenditure in the year.
Planning obligations under Section 106 of the Town and Country Planning Act 1990… , commonly known as s106 agreements, are a mechanism which make a development proposal acceptable in planning terms that would not otherwise be acceptable. They are focused on site specific mitigation of the impact of development. S106 agreements are often referred to as ‘developer contributions’ along with highway contributions and the Community Infrastructure Levy.
In total, Reading spent over £5 million of S106 contributions in the last financial year. The largest proportion, £2.6 million (52%) went towards education. Slighty less, just over £2 million, (41%) was spent on transport projects, including Christchurch Bridge.
12 other named parks benefited as well as Cintra Park. The Thames Parks Plan, which intends to link together eight parks along the river, received £56,095 [ref 1].
Cintra Park played a supporting role in the only question asked about this agenda item. Councillor Hopper asked why the payments had been presented as two separate items within the detailed schedule. The answer given by the Head of Finance was that there had been two separate capital projects.
A full analysis of S106 receipts and payments for previous years is available on the council website with the annual statement of accounts.
The presentation of the draft outturn for the year, as well as questions asked and their responses, took only 5 minutes.
Councillor Jo Lovelock, Leader of the Council and Chair of Policy Committee, said:
I thank everybody who has really worked very hard to bring this budget in as near as possible on target given the difficult situation that we find ourselves in.
The annual accounts process will continue throughout the summer. Unaudited accounts are expected to be published at the end of June and audited accounts at the end of September.