Out-Law News | 25 Feb 2014 | 5:29 pm |
The Council launched a consultation on its draft charging schedule (9-page / 1.66MB PDF last week. It has proposed that all types of development within its Major Development Areas, which comprise Watford Junction, the Health Campus and Ascot Road, should be subject to a zero rate levy.
A flat rate of £120 per sq m has been proposed to apply outside these areas to residential developments, hotels and specialist accommodation for the elderly and disabled.
For retail developments within the Primary Shopping Area, the Council has set a draft rate of £55 per sq m. Retail developments elsewhere will be charged at £120 per sq m if the proposals are adopted.
A draft nil rate levy will apply to offices, industrial developments and other uses.
The proposed rates remain unchanged from the rates set out in the Council's preliminary draft charging schedule which it consulted on last spring.
The consultation is open for comments until 31 March. The Council said it expects to adopt CIL by April next year.