Issue - meetings

[To commission a viability study on the delivery of the CIL in Wolverhampton]

Cllr John Reynolds presented the report that set out a consideration of the costs and benefits of implementing a Community Infrastructure Levy (CIL) in Wolverhampton, in light of current market conditions and viability evidence.

The CIL was a standard charge which local planning authorities were empowered, but not required, to charge on many types of new development to pay for a range of infrastructure.

Resolved:

1.     That the commissioning of a viability study to consider the deliverability of CIL in Wolverhampton at a cost of £20,000, to be met from the regeneration reserve be approved;

2.     That a further report on the completed viability study be submitted to Cabinet in October 2016 and, subject to the findings, Cabinet move forward to introduce a CIL for Wolverhampton.