The Director of City Development and the Director of Resources and Housing submitted a joint report providing information on the sums accumulated within the Community Infrastructure Levy (CIL) strategic fund, as set out in table 1 of the submitted report, and how it was being invested.
In response to a Member’s enquiry, the Board noted that based on current information, the funding gap for the Council regarding the provision of school places was currently £71.7m.
RESOLVED –
(a) That the investment of the CIL strategic fund, as set out in table 1 of the submitted report, to be used to contribute towards the learning places deficit for schools, be noted;
(b) That it be noted that the responsible officer for the implementation of such investment is the Chief Officer (Financial Services).