Main Modifications to the North East Derbyshire Local Plan (Publication Draft), 2020

Ends on 23rd December 2020 (22 days remaining)
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ANNEX 7 - APPENDIX D: CALCULATION OF FINANCIAL CONTRIBUTIONS FOR OPEN SPACE AND RECREATIONAL FACILITIES

The following tables give the figures that should be used for the calculation of financial contributions for the future maintenance of on site and new off-site facilities (per annum), for the provision of new off-site facilities, and for the enhancement of existing off site facilities.

Table 1: Commuted Sums Calculations for the Maintenance of

on site and new off site facilities per annum*

Facilities

Rate / m²

Rate / facility

Green space

£0.46

-

Shrub beds

£4.58

-

Bowls green

£7.49

-

Informal Recreational Field

£0.33

-

Equipped Children's Play Space

-

£1,536.09

Youth Shelter

-

£321.26

MUGA

£3.16

-

Wheeled sports area (area shall be determined by the total hard surface or track area)

£12.76

-

* The above maintenance table is based on April 2020 rate values. These will be updated annually in line with the retail price index, as a percentage increase from the year before. The following formula is to determine the amount of commuted sum required by the Council for maintaining on site and new off-site provisions which are conveyed to the Council, based on a 10 year period:

This bracket brings together information on inflation (f) and interest rate (i).n = Number of years = 10 years

f = Inflation The percentage values will be the rates applicable will be those

i = interest rate published by the Bank of England at the onset of the commuted

sum being transferred to the Council.

(1-((1+f/100)/(1+i/100))^(n+1)) / (1-(1+f/100)/(1+i/100))-1

The formula will calculate a multiplier for the rate value specified.


Table 2: Contribution towards new off-site provision per dwelling*

Based on number of bedrooms per dwelling

Type

Elderly Person Dwelling

1 Bed

Dwelling

2 Bed

Dwelling

3 Bed Dwelling

4 Bed Dwelling

5 + Bed Dwelling

Green Space or Informal Recreational Field

£256.38

£256.38

£336.98

£439.53

£498.16

£556.80

Equipped Children's Play Space

Nil

Nil

£1,003.68

£1,106.11

£1,216.15

£1,340.65

Outdoor Youth Facilities

Nil

Nil

£615.30

£688.68

£761.89

£842.49

* The above contribution table is based on April 2020 rate values. These will be updated annually in line with the retail price index, as a percentage increase from the year before.

Table 3: Contribution towards the enhancement of existing

Off-site provision per dwelling*

Based on number of bedrooms per dwelling

Type

Elderly Person Dwelling

1 Bed

Dwelling

2 Bed

Dwelling

3 Bed Dwelling

4 Bed Dwelling

5 + Bed Dwelling

Green Space or Informal Recreational Field

£227.06

£227.06

£300.30

£380.89

£417.57

£461.61

Equipped Children's Play Space

Nil

Nil

£769.27

£850.12

£937.68

£1,033.00

Outdoor Youth Facilities

Nil

Nil

£476.06

£527.48

£586.13

£644.76

* The above contribution table is based on April 2020 rate values. These will be updated annually in line with the retail price index, as a percentage increase from the year before

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