Agenda Reports Pack (Public) 15/10/2012, 19.00 - Meetings ...

acceptable relocation arrangements with the individual trader and except inexceptional circumstances will undertake to secure the opportunity forexisting traders to relocate to alternative premises before implementing theCPO to displace traders from their shops and pitches. A draft form of generalundertaking is annexed to this statement.Electricity substations.8.15 New locations for substations will be provided by the development schemeand the electricity undertakers will be provided with those sites, and theopportunity to relocate their apparatus before being required to give upexisting sites.9. Conclusion9.1 The proposals for the redevelopment of land at Shepherds Bush Marketaccord with the Development Plan for the area. In view of this and the grantof Outline Planning Permission for development of the Order Lands, theCouncil believes that there is no planning impediment to the implementationof the redevelopment proposals that underlie the Order.10. Resources for land acquisition, delivery and implementation10.1 The Circular highlights that the Secretary of State will want to be reassured thatthere is a realistic prospect that the land subject to CPO will be brought intobeneficial use within a reasonable timeframe. Paragraph 20 states that inpreparing its justification, the acquiring authority should provide as muchinformation as possible about the resource implications of acquiring the landand implementing the scheme, though it is acknowledged that projects maynot be intended to be commercially viable or that it may not be possible tofinalise details until there is certainty regarding assembly of the land. In suchinstances the authority should provide an indication of how any potentialshortfalls are to be met. Paragraph 21 states that, even more importantly, theconfirming Minister would expect to be reassured that it was anticipated thatadequate funding would be available to enable the authority to complete thecompulsory acquisition within the statutory period following confirmation ofthe order.10.2 The Council is satisfied that the necessary resources are available to achievethe regeneration of the Order lands, whereby the CPO powers would beimplemented and land will be developed within the statutory period. This willbe achieved through the CPO Cost Indemnity Agreement to be entered intoby OSBL. Under its terms OSBL will fully underwrite all costs of process,acquisition and compensation resulting from the preparation, confirmationand implementation of the Order.10.3 The Council has taken professional advice from its own consultants and issatisfied that the Development Scheme has a reasonable prospect of beingviable at the time of completion of land assembly and that it is deliverable bythe Developer.19Page 79