Developer Contributions. 5.2.1 During the Term of this Agreement the Borough Councils shall establish the principle that developers provide an appropriate contribution to the delivery of the Programme through the adoption of a Developers Contribution Policy contained within the respective Local Development Framework/Local Plan of the Borough Council, such policy will define the mechanism by which the Developers Contribution would be levied. 5.2.2 The Borough Councils shall use their reasonable endeavours to secure the payment from developers of sums specified as being required for the delivery of the Programme, such sums required shall be subject to the Index of Constructions Costs, or other such index as shall be agreed between the Parties. 5.2.3 Within 10 Business Days of the receipt of any developer contribution each Borough Council shall pay such money to Kent as income to the Programme Investment Fund, subject to Kent meeting the obligations of this Agreement. 5.2.4 Where developer contributions are raised by means of a Community Infrastructure Levy (CIL) the Borough Councils shall pay the appropriate contribution from the CIL in accordance with such arrangements as may be agreed between the Borough Council and Kent for the use and payment of CIL monies and such payments shall then be deemed to meet the requirements under clauses 5.2.2 and 5.2.3 of this Agreement. Version 15 Draft : 28th November 2013 Kent Thameside Strategic Transport Programme Partnership Agreement
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Sources: Partnership Agreement, Partnership Agreement