This application was a deed of variation to a s106 agreement, relating to the development of 36 dwellings, to remove a proportion of planning obligations to provide off-site financial contributions and to reduce the amount of affordable housing provided as part of the development.
Mr N Laight, the applicant, spoke in favour of the application stating that unexpected changes in market conditions since the purchase of the site had made the development unviable with the financial contributions and affordable housing requirements previously agreed.
On being put to the vote, it was unanimously:
RESOLVED – that Delegated Authority be granted to the Service Delivery Manager to APPROVE THE DEED OF VARIATION TO THE S106 AGREEMENT subject to:
A) The removal of a proportion of the existing planning obligations from the original agreed sum of £196,248.00 to £23,270.55 (including indexation) only.
B) The reduction of the affordable housing provision being provided, from 9 units (25%) to 7 units (20%).