Object
Community Infrastructure Levy - Draft Charging Schedule (Nov 2014)
Representation ID: 1782
Received: 12/12/2014
Respondent: Cogent Land LLP (Cogent)
Representation Summary:
Up-to-date Evidence
It is fundamental that the supporting viability work incorporates reasonable assumptions reflective of the current market to ensure that the rates are set at viable levels. We are therefore concerned that the Viability Study has not been updated since the PDCS stage. This is important; as by the time the DCS is examined the data and assumptions adopted in the viability testing will be almost 12 months out of date.
We would therefore strongly advise that SSBC update their Viability Study to ensure that the data and inputs are appropriate.