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07 Vauxhall Square, item 6. PDF 626 KB - Lambeth Council

07 Vauxhall Square, item 6. PDF 626 KB - Lambeth Council

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employment and training opportunities to address issues of worklessness in<br />

the borough and the setting up of a local project bank in order to mitigate the<br />

impacts of development.<br />

13.4 The <strong>Council</strong>’s adopted SPD on planning obligations sets out the general<br />

circumstances across the borough where monies towards community<br />

infrastructure would be expected and a framework for calculating amounts that<br />

would likely be sought.<br />

13.5 More recently, the GLA published the VNEB Development Infrastructure<br />

Funding Study (DIFS) (October 2010) which investigates the infrastructure<br />

required to support the delivery of the expected development within the OAPF.<br />

The DIFS proposes a tariff based system for the collection and pooling of<br />

monies towards the various infrastructure requirements.<br />

13.6 At Cabinet in January 2012, the <strong>Council</strong> resolved to adopt the DIFS tariff for the<br />

purposes of negotiating Section 106 contributions within the <strong>Vauxhall</strong> area of<br />

the VNEB OA. This decision has been subsequently included in the draft<br />

<strong>Vauxhall</strong> Supplementary Planning Document. The approach adopted translates<br />

the various identified costs of infrastructure (Northern Line Extension; other<br />

transport; education; health; open space; community and other facilities) into a<br />

planning tariff charge expressed in the form of contributions per square metre<br />

and per residential unit (£ per sq. metre) to be applied to residential; office;<br />

mixed use retail; retail and hotel and other floor space. Two sets of residential<br />

tariffs were proposed relating to higher values along the riverside (Zone A) and<br />

lower values inland (Zone B). The level of the tariff is based on modelling the<br />

overall envelop of financial viability for the various new land uses predicted in<br />

the VNEB OA, with for the case of residential provision a variation, of what is<br />

viable in relation to the level of affordable housing. For Zone B, which is<br />

applicable to the <strong>Vauxhall</strong> <strong>Square</strong> scheme, this was modelled at £15,000 for<br />

40% affordable provisions, and £20,000 for 15% affordable provision.<br />

13.7 The application of the DIFS for the purposes of securing planning obligations<br />

towards the delivery of necessary infrastructure was formally ratified by the<br />

Mayor on the adoption of the VNEB OAPF in March 2012.<br />

13.8 Using the DIFS tariff adopted by the council, the development would be<br />

expected to provide a significant contribution of which the VNEB Strategy<br />

Board would then allocate to identified projects in the VNEB area. This is<br />

based on the net floorspace increase for B1 office, retail, student<br />

accommodation, and hotel provision within the scheme, and a charge on<br />

residential units based on the application of a sliding scale of a tariff charge,<br />

based on the provision of affordable housing at approximately 21.2% requiring<br />

a £19,000 contribution per residential unit.<br />

13.9 On 1 st April 2012, the Mayor’s Community Infrastructure Levy (CIL) came into<br />

effect across London to secure funding for Crossrail. The application<br />

development would be subject to a CIL charge, based on £35 per sq m on all<br />

new net floorspace based on Gross Internal Area. This floorspace figure<br />

applies to the retail, B1 office, residential, basement, and plant areas. At the<br />

time of writing further information and clarification is awaited from CLS

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