Question 6

Support

Representation ID: 1689

Received: 08/09/2014

Respondent: Mrs Pat Holden

yes

Support

Representation ID: 1693

Received: 10/09/2014

Respondent: Essex County Council

ECC supports the proposed instalment policy as it involves a smaller number of instalments than some other Charging Authorities in Greater Essex have offered .ECC has stressed its preference for a smaller number of instalments.

Comment

Representation ID: 1740

Received: 30/01/2015

Respondent: Cogent Land LLP (Cogent)

Methodology
We welcome the publication of a draft Instalments Policy by the Council.
An Instalments Policy is particularly important for larger sites, notably in respect of upfront infrastructure costs typically associated with strategic development that have a significant impact on the development's cashflow. A proposed Instalment Policy should aim to reflect, as closely as possible, the timing of delivery of the development, to ensure that the CIL does not put unnecessary pressure on cashflow and viability.

Comment

Representation ID: 1741

Received: 30/01/2015

Respondent: Cogent Land LLP (Cogent)

We would therefore recommend that the Instalments Policy is amended to reflect the following:
Sum Number of Instalments Payments
Less than
£25,000 1
Full payment within 120 days of commencement of development
£25,000 - £74,999 3
10% of payment within 120 days of commencement
40% of payment within 180 days of commencement
50% of payment within 270 days of commencement, or remaining balance to be paid upon substantial completion should this date fall within 270 days
£75,000 or more 4
10% of payment within 120 days of commencement
30% of payment within 360 days of commencement
40% of payment within 720 days of commencement
20% of payment within 900 days of commencement,
or remaining balance to be paid upon substantial completion should this date fall within 900 days

Comment

Representation ID: 1742

Received: 30/01/2015

Respondent: Cogent Land LLP (Cogent)

However, as SBC is able to remove an instalments policy at any time, we would recommend that the viability testing does not include phased payments. This will ensure that sites are able to support the proposed CIL rates in the event that an instalments policy is not in place.