Issue - meetings

The Committee considered the approximate outputs of each of the delivery options: disposal, JVV and direct delivery. The Direct Development option gave a significantly lower return to the Council. This had been based on the inexperience of the Council in undertaking recent large scale residential development for market sale. Lambert Smith Hampton considered that the Council would not be as aggressive as the private sector in pursuing an optimal planning consent in value terms, for example it was unlikely that the Council, as developer, would lodge a planning appeal against itself as Local Planning Authority, which was an option open to a private developer. In addition, it was considered that the Council would achieve a lower number of dwellings.

Mr Barrett responded to a query that Lambert Smith Hampton, the Council’s retained Chartered Surveyors, had estimated that, in the event of the Council undertaking direct development. it would achieve 15% less, both in terms of development density and value of development achieved.

RESOLVED THAT:

The report be noted.

That the report be noted.