Preliminary Draft Charging Schedule

Object

Representation ID: 56150

Received: 13/08/2013

Respondent: King Henry VIII Endowed Trust (Warwick)

Agent: AMEC

IDP
Concerned that the Council has limited evidence on infrastructure costs and that the infrastructure being considered at the time of PDC Schedule is based on a different development strategy/level of growth to that currently proposed.

It is important that the IDP is updated to reflect the contents of the RDS. Concerned that the Draft Charging Schedule needs to reflect a final (definitive IDP) and that the relationship between CIL and s106 needs clarification.

Object

Representation ID: 63306

Received: 13/08/2013

Respondent: King Henry VIII Endowed Trust (Warwick)

Agent: AMEC

Funding Gap.
Concerned that funding gap analysis has not taken place to demonstrate the need for the introduction of CIL in accordance with the regulations. This gap analysis should be undertaken and made public

Support

Representation ID: 63307

Received: 13/08/2013

Respondent: King Henry VIII Endowed Trust (Warwick)

Agent: AMEC

Welcomes the fact that the viability study is based on current market conditions and takes into account high infrastructure costs for strategic sites. The Trust is supportive of WDC's intention.

Supports a separate charging rate on strategic sites and selection of the lower element of the ranges identified. The reference to an instalment policy is welcomed.

Object

Representation ID: 63308

Received: 13/08/2013

Respondent: King Henry VIII Endowed Trust (Warwick)

Agent: AMEC

Questions how realistic the 40% affordable housing assumption Does not think that 40% affordable housing will be viable on urban extension sites in the District.

Object

Representation ID: 63309

Received: 13/08/2013

Respondent: King Henry VIII Endowed Trust (Warwick)

Agent: AMEC

Concerned that if housing supply levels rise then house prices could fall locally. As a consequence this will have viability implications.

The sensitivity testing (to reduced house prices by 5%) is not considered to be enough. Sensitivity testing should include a 10% and 15% reduction in prices.

Object

Representation ID: 63310

Received: 13/08/2013

Respondent: King Henry VIII Endowed Trust (Warwick)

Agent: AMEC

Build cost assumptions in the PDC schedule are considered to be too low and should include an allowance for Lifetime Homes.

Object

Representation ID: 63311

Received: 13/08/2013

Respondent: King Henry VIII Endowed Trust (Warwick)

Agent: AMEC

A developer return of 20% GDV has been assumed for market housing and 6% for affordable homes. 20% is considered too low in the current housing market with 25% considered reasonable.

Object

Representation ID: 63312

Received: 13/08/2013

Respondent: King Henry VIII Endowed Trust (Warwick)

Agent: AMEC

Have concerns about the five sites that were considered in the viability study. Blackdown is now not in the RDS and it would have a much higher land value than sites to the South of Warwick and Leamington.