Out-Law News | 25 Apr 2014 | 2:07 pm |
The Council first consulted on the DCS last autumn. It said it decided to commission a refresh of its viability study as a result of issues raised during the consultation process concerning the rates proposed for residential and retail development.
Under the revised proposals, the Council has set a residential rate of £30 per square metre for development of up to 14 units and a rate of £15 per sq m for developments with 15 units or more.
For retail development within the West Bromwich Strategic Centre, the Council has proposed a rate of £50 per sq m. A draft borough-wide rate of £60 per sq m will apply to retail developments, including supermarkets and retail warehouses, with a net sales area of more than 280 sq m.
All other uses will be subject to a nil rate levy under the proposals.
The consultation is open for comments until 29 May. The Council said it aims for the charging schedule to come into force in early 2015.