Out-Law News | 09 Oct 2014 | 11:17 am |
Under the proposals (20-page / 1.87MB PDF), a 'low value zone' would be introduced 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 other uses, including any type of development within Adastral Park which is identified as an area for growth in the Council's Core Strategy, would be subject to a nil rate levy if the proposed rates are adopted.
The proposed rates remain unchanged from the draft rates set out in the Council's preliminary draft charging schedule, which it consulted upon earlier this year.
The consultation is open for responses until 17 November. The Council said it expects to implement CIL by April 2015.