Report to follow
Minutes:
The report before members related to proposals for a residential development for 144 residential units on land at former Whitworth Centre, Noak Hill Road, Romford. The site had the benefit of planning permission (under planning reference 1558.11) which was subject to a Section 106 legal agreement completed on 29 March 2012. The Section 106 agreement should include a travel plan and the original agreement would be varied to include that planning obligation.
It was reported that a request had been made to the Council to vary under Section 106A of the Town and Country Planning Act 1990 the legal agreement to amend the definition of ‘Shared Equity” in the original agreement to read ‘"Shared Equity means the sale of a100% interest in the reversionary title of a residential dwelling to an Approved Person (or such other purchaser as may be permitted pursuant to Schedule Five) at such price as is below market price (as per the definition of Intermediate Affordable Housing within Annex 2 of the National Planning Policy Framework (27 March 2012) but which is otherwise as the Developer and the said Approved Person (or such other purchaser as may be permitted pursuant to Schedule Five) shall agree and provided further that such price shall be paid in part cash payment and part Shared Equity Charge pursuant to paragraph 5 of Schedule Five".
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Further a definition of ‘a Person in Housing Need’ suitable to the Council would be added to the definitions in Schedule 5 of the original agreement.
It was RESOLVED that the variation of the Section 106 agreement dated 29 March 2012 pursuant to planning permission reference number P1558.11 by Deed of Variation under Section 106A of the Town and Country Planning Act (as amended), be approved:
1. the definition of ‘Shared Equity” in the original agreement be amended to read ‘"Shared Equity means the sale of a100% interest in the reversionary title of a residential dwelling to an Approved Person (or such other purchaser as may be permitted pursuant to Schedule Five) at such price as is below market price (as per the definition of Intermediate Affordable Housing within Annex 2 of the National Planning Policy Framework (27 March 2012) but which is otherwise as the Developer and the said Approved Person (or such other purchaser as may be permitted pursuant to Schedule Five) shall agree and provided further that such price shall be paid in part cash payment and part Shared Equity Charge pursuant to paragraph 5 of Schedule Five".
The planning obligations recommended in the report had been subject to the statutory tests set out in Regulation 122 of the Community Infrastructure Levy Regulations 2010 and the obligations were considered to have satisfied the following criteria:-
(a) Necessary to make the development acceptable in planning terms;
(b) Directly related to the development; and
(c) Fairly and reasonably related in scale and kind to the development.
Supporting documents: