Object
Community Infrastructure Levy - Draft Charging Schedule (Nov 2014)
Representation ID: 1788
Received: 12/12/2014
Respondent: Cogent Land LLP (Cogent)
Benchmark Land Values
In our PDCS representation, we questioned the methodology and assumptions relating to the BLVs. We are therefore disappointed to note that the Council has failed to acknowledge our request for confirmation of which BLV is most appropriate for each market area. This is essential as the viability results vary substantially depending on which BLV is applied.
It is currently unclear how BNP has established which BLVs are appropriate in the absence of a Site Allocations Document to understand what type of site will be coming forward for development in each value area. We would therefore ask that the Council provides confirmation of which BLV is applicable to each typology in each of the Market Areas. This will ensure that the analysis and interpretation of the viability results is correct.