Out-Law News | 05 Jun 2014 | 3:02 pm |
The Council's preliminary draft charging schedule (PDCS) (13-page / 431KB PDF) sets out proposals to introduce a 'low value zone' with CIL rates of £70 per square metre for developments of up to five homes and £50 per sq m for developments of six or more homes.
A 'mid value' zone would have rates of £115 per sq m for developments of up to five homes and of £90 per sq m for developments of six or more homes, with a 'high value' zones charging £150 per sq m on all residential developments.
Convenience retail developments would be charged at £100 per sq m under the proposals with a nil rate levy applying to comparison retail.
Any development within Adastral Park, which is identified as an area for growth in the Council's Core Strategy, and any other uses would also be subject to a nil rate levy if the proposed rates are adopted.
The consultation is open for comments until 2 July. The Council said it expects to implement CIL by April 2015.