Unlocking building land in Hale Village
Re-negotiating s106 agreement
Hale Village was originally granted outline planning permission in October 2007.
The Council re-negotiated the s106 agreement with the developer in 2011 in order to unlock the development, which had stalled due to the economic downturn. The new agreement:
- secured a firm date for payment of a large part of the ‘triggered' funding obligations that are currently owed;
- re-profiled some of the remaining funding obligation payments;
- made some of the funding obligation payments subject to achieving increased open market residential sales values;
- clarified that specific plot leaseholders should have proportionate liability for some of the funding obligations; and
- incorporated other appropriate amendments to reflect scheme changes and updated requirements.
This released up to 1,210 homes, including 50 per cent affordable homes, plus student accommodation, hotel, offices, retail, health centre, two linear parks, neighbourhood police base, and site for a school
While the revisions do not guarantee that all the funding obligations will be met, they provide the most effective way forward as Hale Village develops into a sustainable and vibrant community, laying the foundations for Tottenham Hale's continuing regeneration.
Contact
Sule Nisancioglu
Planning & Transport Policy and Environmental Resources
Tel: 0208 489 5562
Email: [email protected]