Agenda item

Report of the Director of the Built Environment.

The Committee received a report of the Director of the Built Environment concerning the City of London’s response to the Government consultation on supporting housing delivery through developer contributions.

The Committee were not content with the suggested use of the CPI inflation index and it was agreed that the suggested response should not advocate a specific inflation index but should refer to the factors that should be taken into account by the Government when recommending an inflation index.   These factors were changes in the cost of construction and changes in the value of the development as evident from sales or lettings information relevant to central London including the City of London.

RESOLVED  - That in the light of comments made by Members, officers amend the final wording and approval be delegated to the Town Clerk, in consultation with the Chairman and Deputy Chairman.