community costs prompt town centre flats project re-think
to convert the site of Burnham-On-Sea's former Tucker's Garage
into a new development of 27 flats will be reconsidered by the
district council next week after the developer said it cannot
afford to pay £150,000 for community facilities as part
of the project.
In April, Burnham-On-Sea.com
reported that the original planning application had been given
the go-ahead on the condition that the developers, Abracore Limited,
provided £150,000 towards community facilities in the town
as part of a so-called 'S106 agreement'.
original sum of £75,000 was deemed too low by councillors,
who wanted double the amount.
the developer has since come back and said that it is not able
to provide £150,000 "for viability reasons" and
the application therefore has to return to Sedgemoor's Development
Control Committee where members will re-consider the application.
council's Affordable Housing Manager, Duncan Harvey, explained:
"This application was previously considered by the Development
Control Committee. At that time, members were presented with an
affordable housing offer which, if accepted, would provide the
authority with a small £75,000 commuted sum in lieu of any
on site provision. Members asked that further discussions took
place to increase the value of this offer."
delicate economic status of this project and the prevailing economic
climate has made it that much harder to commit funds to making
a start-on-site. Reduced anticipated revenue from sales, linked
with an expensive build cost both contribute to making this a
finely balanced housing project."
developer has provided an updated detailed financial appraisal
for this project this reaffirms that even if the scheme
were built and sold at full open market values, the project is
barely viable. The current offer cannot be increased at this time."
application will be reconsidered next Tuesday (June 15th) at the
June meeting of Sedgemoor's Development Control Committee.