Issue details

Expenditure Arising from London Eye Section 106 Receipts

Under the terms of a section 106 planning agreement, since 2003 the South Bank Employers’ Group (SBEG) has provided specified operational and community initiatives in the South Bank area on behalf of the Council. These are financed by payments that the Council receives annually from the operator of the Lastminute,com London Eye. The Council makes payment to SBEG in arrears on the basis of goods provided and services rendered according to an agreed programme of work. The forecast expenditure in 2020/21 is £950,000 with the first quarterly payment being due for payment on 1 July 2020.

Decision type: Key

Reason Key: 4. Both, Financial and Community Impact;

Decision status: For Determination

Wards affected: Bishop's;

Notice of proposed decision first published: 29/06/2020

Decision due: Not before 28 Jul 2020 by Cabinet Member for Equalities and Culture

Lead member: Cabinet Member for Equalities and Culture

Lead director: Strategic Director: Resident Services

Department: Resident Services

Contact: Caroline Pitrakou, Programme Office Manager Email: cpitrakou@lambeth.gov.uk Tel: 020 7926 1260.